After a narrow 3-2 vote Tuesday night, the Adel City Council passed resolution No. 14-36, adopting amendment number 5 to the Adel Urban Revitalization Plan.
The plan extends the tax abatement for qualified real estate in Adel through the year 2025.
The council received two written comments against the plan with one Adel resident speaking during the public hearing, stating the plan is grossly unfair to long-term residents that have to pay taxes.
The plan states that qualified real estate is eligible to receive a 100 percent exemption from taxation for a period of seven years.
The original plan was adopted by resolution on December 14, 2010 and created an exemption for properties during the 2011 through 2013 calendar years. In 2012, the City of Adel extended the schedule through 2016.
Tuesday’s resolution extends the Urban Revitalization Plan through 2025.
Adel-DeSoto-Minburn School District Superintendent Greg Dufoe commented during the meeting that the school district has seen a steady increase in the number of students during the past three years.
“This is a good thing for us,” Dufoe said.
Adel Mayor Jim Peters feels that increased growth in Adel has led to many positive additions to the community.
“I just think of the growth and what is has translated to. We’ve increased our economics. You need people to spend money in the city limits of Adel,” Peters said. “Since the census of the 1990s, we got a new library and new aquatic center. Since the 1990s, we’ve been able to hire Nick (Adel Parks and Recreation Director Nick Schenck) and put in a real program with activities for people. We’ve also expanded and improved the parks. There has been a lot of positive things that have occurred that maybe would not have occurred had we not grown like we’ve grown. Bigger towns have more opportunities to do bigger things.”
For more information, visit: http://adeliowa.org/Tax_Abatement_Program.page.
A frequently asked questions document regarding the residential tax abatement program is also available on the website.