The purpose and intent of incentivized business district overlay zones is to encourage economic development along the main arterial corridors leading into the city as shown on the incentivized business district overlay zone map (figure 1) by providing incentives for commercial growth.

(Ord. of 12-3-2018)

Portions of properties where the property boundary lines do not lie wholly within the incentivized business district overlay zones shall be deemed to be contained within the zone.

(Ord. of 12-3-2018)

The following incentives shall be available for properties within the IBD:

1.

Reduced rate annexation, map amendments (rezoning) and variances. Rates shall be at cost and assessed only for the main action requested.

2.

Reduced permit fees. A 20 percent reduction in permit fees shall be provided for all new construction. A ten percent reduction in permit fees shall be provided in cases of renovation or remodel.

3.

Five-year individual moratorium on city taxes. From the date of application for annexation, map amendment or date of permit application whichever is first the applicant shall be exempt from city taxes for five years.

4.

Reduced sewer/water tap fees. Initial sewer/water tap fees shall be calculated at a reduced rate as reflected in the city fee schedule.

5.

Shared cost of public infrastructure. Where new development occurs the city shall be responsible for the installation of public sidewalks.

6.

Relaxed sign regulations. A 20 percent increase in height and overall square feet of permanent signs shall be allowed.

7.

Relaxed setbacks. Side and rear setbacks shall be reduced to zero where commercial properties within the IBD abuts another commercial zone. Front setbacks shall be reduced by ten feet.

(Ord. of 12-3-2018)

Expansion of current IBD zones and the creation of new zones shall be accomplished by map amendment as approved by the planning commission and the mayor and council.

(Ord. of 12-3-2018)