HomeMy WebLinkAbout2012-080-01/30/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-80
RESOLUTION APPROVING APPLICATION WITH SHERRY
BORWIG AND GARY SIMPSON FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $10,000.00 FOR PROPERTY
LOCATED AT 1120 WEST DONALD STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Sherry Borwig and Gary Simpson have submitted an
application dated December 14, 2011 to the City Council of the
City of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $10,000.00 for property located at 1120
West Donald Street, more fully described as follows:
The West Sixty (60) feet of the East One-half of Lot
No. Nine (9), except the North Four Hundred Eighty
(480) feet thereof, in Cloverdale Acres, in Black Hawk
County, Iowa, now in the City of Waterloo, 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 by
March 1, 2012.
Resolution No. 2012-80
Page 2
PASSED AND ADOPTED this 30th day of January, 2012.
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Ernest G. Clark, Mayor
ATTEST:
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City Clerk