Chapter 3.14 AMENDED DONNER PARK URBAN RENEWAL TAX INCREMENT DISTRICT
Section 3.14.040 Allocation of funds - to special fund.
That portion of the taxes each year in excess of the base period taxes for the Amended
Donner
Park Urban Renewal Project Area, determined for each Sub-Area thereof as provided in Section
3.14.030 of this Ordinance, shall be allocated to and when collected be paid into a special tax
increment fund of the City of Sioux City, Iowa hereby established, to pay the principal of and
interest on loans, monies advanced to, indebtedness, whether funded, refunded, assumed or
otherwise, including bonds issued under the authority of Section 403.9 and Section 403.12 of the
Code of Iowa, incurred by the City of Sioux City, Iowa, to finance or refinance in whole or in
part projects undertaken pursuant to Amendment No. 6 to the Donner Park Urban Renewal
Project program, except that taxes for the payment of bonds and interest of each taxing district
levying taxes on said Project Area shall be collected against all taxable property within the
Amended Donner Park Urban Renewal Project Area without any limitation as hereinabove
provided. (Ord. 97/U-5422; 97/U-5271; 94/U-2786; 93/U-1657; 92/U-661; 91/T-9956)