The Urban Renewal Plan proposes to establish an Urban Renewal Area around the individual wind turbines comprising the Walnut Wind Farm in order to authorize a Tax Increment Financing (TIF) district on an existing facility. The Walnut Wind Farm became operational in 2008. Its first assessment date for property tax purposes was Jan 01, 2009.
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The primary goal of our recommendations is to limit the financial impact to the school district and our residents and thus protect our ability to meet our obligations to our current and future students. Any steps taken to lessen the financial impact on our school district will also lessen the impact on the other taxing authorities affected by this plan, including but not limited to, A-H-S-T School District, Layton and Knox Townships, and Iowa Western Community College.
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