Coverage:
County Township Coverage:
Wright County›City of Buffalo
County Township Coverage:
Wright County›Township of Buffalo
Date Accepted:
Monday, February 24, 2020
State Agency Order:
No
Open Agreement:
Yes
Entire Area Annexed:
No
Notice to Designate:
Yes
Acreage:
5,750
City Reimbursement:
Yes
Reimbursement Type:
Multi Year Payment
Reimbursement by Property Owner:
No
Reimbursement by Acre:
No
Tax Rate Step-up:
Yes
Step up description:
4 years
Planning:
Yes
Planning Type:
Other
Planning Other:
County and Township.
Initiation:
Yes
Initiation Type:
Conditional municpial
Debt/Special Assessment Language:
No
Taxing:
No
Special Taxing District:
No
Green Acres:
No
Comments:
Reimbursement: 2½ times the amount in taxes that the Twp levied in the year preceding annexation, exclusive of debt service and special assessments. In the year following annexation the City shall remit payment to the Twp in no more than four equal semiannual payments within 30 days after receipt of the tax revenues from the County Treasurer’s Office.