HomeMy WebLinkAbout2012-081-01/30/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-81
RESOLUTION APPROVING APPLICATION WITH ALLEN
GLASS CO., INC. FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $100,000.00 FOR
PROPERTY LOCATED AT 306 WEST 5TH STREET IN
THE CONSOLIDATED URBAN REVITALIZATION AREA
PLAN, IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Allen Glass Co., Inc. has submitted an application
dated September 16, 2011 to the City Council of the City of
Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $100,000.00 for property located at 306
West 5th Street, more fully described as follows:
Lot No. One (1) in Block No. One (1), in Hayes'
Addition to the town (now 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. 2012-81
Page 2
PASSED AND ADOPTED this 30th day of January, 2012.
r
Ernest G. Clark, Mayor
ATTEST:
Suzy Sc , CMC
City Clerk