HomeMy WebLinkAbout2011-1103-12/05/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1103
RESOLUTION APPROVING APPLICATION WITH RICHARD
MISHLER FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $400,000.00 FOR PROPERTY LOCATED AT
1930 OSAGE ROAD IN THE CONSOLIDATED URBAN
REVITALIZATION AREA PLAN, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Richard Mishler has submitted an application dated
March 17, 2011 to the City Council of the City of Waterloo, Iowa,
requesting to receive tax exemptions on improvements totaling
$400,000.00 for property located at 1930 Osage Road, more fully
described as follows:
Part of the Northwest Quarter of Section 32, Township
89 North, Range 12 West of the 5th Principal Meridian
in Black Hawk County, Iowa, more particularly described
as follows:
Commencing at the Northeast corner of said Northwest
Quarter; thence along the East line of said Northwest
Quarter, South 2°08'35" East 1,280.00 feet to the Point
of Beginning; thence along an extension of a line that
begins at a point on the East line of the Northwest
Quarter of said Section 32 which is 2,076.00 feet South
of the Northeast Corner of said Section 32, North
74°14'30" West, 1,069.16 feet to a point on the
northeasterly line of the Waterloo Railroad Company's
66 foot right-of-way, said point being the beginning of
a curve; thence along said northeasterly line on a
curve of a 5,762.6 foot radius and concave
southwesterly 385.82 feet; said curve having a long
chord of North 57°22'55" West 385.75 feet; thence along
the northeasterly line of the Waterloo Railroad
Company's 66 foot right-of-way as originally
established, North 59°18'00" West 1,457.87 feet to the
South line of Osage Road; thence along the South line
of Osage Road, North 89°55'20" East 479.53 feet to a
point 200.00 feet normally distant southwesterly of the
Illinois Central Gulf Railroad Company's main track
centerline, said point being also the beginning of a
curve; thence parallel with said main track centerline
along a curve of 4,038.0 foot radius and concave
northeasterly 3.18 feet, said curve having a long chord
of South 66°58'30" East 3.18 feet; thence parallel with
said main track centerline, South 66°59'45" East
2,294.53 feet to the East line of said Northwest
Quarter, South 02°08'35" East 345.57 feet to the Point
of Beginning.
Except that part thereof described as follows:
Commencing at the Northeast corner of said Northwest
Quarter; thence along the East line of said Northwest
Quarter, South 2°08'35" East 1,280.00 feet; thence
along an extension of a line that begins at a point on
the East line of the Northeast Quarter of said Section
32 which is 2,076.00 feet South of the Northeast Corner
of said Section 32, North 74°14'30" West 90.80 feet to
the West line of Evans Road, the point of beginning;
thence continuing along said extended line, North
Resolution No. 2011-1103
Page 2
74°14'30" West 978.36 feet to the beginning of a curve,
said point being 33.00 feet normally distant
Northeasterly of the old center line of the Waterloo
Railroad company tracks; thence Northwesterly along
said curve of the 5,762.6 foot radius and concave
Southwesterly a distance of 385.82 feet, said curve
having a long chord of North 57°22'55" West 385.75
feet; thence parallel with said old track center line,
North 59°18'00" West 338.68 feet to the beginning of a
curve; thence Northeasterly along said curve of a
778.94 foot radius and concave Northwesterly a distance
of 344.39 feet, said curve having a long chord of North
75°36'25" East 341.58 feet; thence North 62°56'30" East
40.41 feet to the beginning of a curve; thence
Northeasterly along said curve of a 748.94 foot radius
and concave Southeasterly a distance of 141.71 feet to
a point 200.00 feet normally distant Southwesterly of
the Illinois Central Gulf Railroad Company's main track
centerline, said curve having a long chord of North
68°21'50" East 141.50 feet; thence parallel with said
main track center line, south 66°59'45" East 1,136.89
feet to the West line of Evans Road; thence along the
West line of Evans Rd., south 2°03'25" East 357.95 feet
to the Point of Beginning, all in the City of Waterloo,
Black Hawk County, Iowa;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area in Waterloo, Iowa, as
previously established by the City Council of the City of
Waterloo, Iowa, and,
WHEREAS, the improvement project respecting said property is
in conformance with the Consolidated Urban Revitalization Plan as
officially adopted by the City Council for the City of Waterloo,
Iowa, and
WHEREAS, the improvements on said property were made during
the time in which such improvements are eligible for the tax
exemption as set forth in the Consolidated Urban Revitalization
Plan as adopted by the City Council of the City of Waterloo,
Iowa, and as set forth in the Urban Revitalization Act as adopted
by the Legislature of the State of Iowa and signed by the
Governor of the State of Iowa, and
WHEREAS, said applicant is requesting the following three-
year exemption schedule:
For the first year
For the second year
For the third year
100%
100%
100%
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that said application is hereby approved
and the City Clerk is hereby authorized and directed to forward
said application and a copy of this resolution to the Assessor.
Resolution No. 2011-1103
Page 3
PASSED AND ADOPTED this 5th day of December, 2011.
Ernest G. Clark, Mayor
ATTEST:
zy : res, CMC
City Clerk