Commercial buildings could be elevated or floodproofed. The elevation difference between Christian Louboutin Boots old and new standards would be minimal to up to 4 1/2 feet, depending on the location in Iowa City. The ordinance also would discontinue the use of the terms '100-year' and '500-year' floods, saying they are misleading. That's something Iowans who went through the 1993 and 2008 floods know all too Christian Louboutin N. Prive fabric slingbacks Multi-color 7. A 100-year flood has a 1 percent chance of occurring in any given year, and a 500-flood has a 0.2 percent chance. The city would use those percentages when referring to those levels of flooding and would call those flood boundaries 'flood hazard areas.' Business park deal The City Council Christian Louboutin N. Prive fabric slingbacks Pink night OK'd a deal that gives the developer of an environmentally friendly business park up to $15.3 million in property tax rebates. Moss Green Development Corp. will get the rebates annually for up to 20 years through tax increment financing, or TIF. That allows the com pany to receive some Christian Louboutin N. Prive fabric slingbacks Red Glitter pat 9 the property tax revenue from the increased value of the redeveloped land. Moss Green will receive the lesser of: 50 percent of the tax increment collected over 20 years; the actual cost of making the minimum improvements agreed to in the area; or $15.3 million, the estimated cost of those improvements.
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