HomeMy WebLinkAbout2012-252-3/26/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-252
RESOLUTION APPROVING APPLICATION WITH PAUL
WONDERLY FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $475,000.00 FOR PROPERTY LOCATED AT
622-628 ANSBOROUGH AVENUE IN THE CONSOLIDATED
URBAN REVITALIZATION AREA PLAN, IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Paul Wonderly has submitted an application dated
March 12, 2012 to the City Council of the City of Waterloo, Iowa,
requesting to receive tax exemptions on improvements totaling
$475,000.00 for property located at 622-628 Ansborough Avenue,
more fully described as follows:
An undivided 50o interest in the following described
real estate:
Lots 1 thru 5 inclusive in Block 1 in Nelson Addition
to Waterloo, Iowa.
AND
The South 100 feet of the West 134 feet of the East 174
feet of the North 30 acres of the Northeast Quarter of
the Southeast Quarter of Section 21, Township 89 North,
Range 13 West of the Fifth Principal Meridian,
Waterloo, Iowa.
AND
That part of the Northeast Quarter of the Southeast
Quarter of Section 21, Township 89 North, Range 13 West
of the 5th Principal Meridian, in the City of Waterloo,
Black Hawk County, Iowa, lying within the following
described boundaries:
Commencing at a point on the West line of the Railroad
Right of Way which is 234 feet West of a point 200 feet
South of the South line of Stratford Avenue, said point
being also the Northeast Corner of Lot 4 in Block 1 in
Nelson Addition to Waterloo, in Black Hawk County,
Iowa; thence South along the West line of said Right of
Way a distance of 132.59 feet to the Southeast Corner
of Lot 3 in Block 1 in Nelson Addition to Waterloo, in
Black Hawk County, Iowa; thence East a distance of 42
feet 4 inches; thence North along a line which is
parallel with the West line of said Right of Way a
distance 132.65 feet to a point which is 200 feet South
of the South line of Stratford Avenue; thence West to
the point of beginning.
AND
A parcel of land located in the East Half of the
Southeast Quarter of Section 21, Township 89 North,
Range 13 West of the 5th Principal Meridian, Waterloo,
Black Hawk County, Iowa, more particularly described as
follows:
From the point where the South line of 60 foot wide
Stratford Avenue intersects the East line of the
Southeast Quarter of said Section 21, run Westerly
along the South line of Stratford Avenue, 174 feet to
the point of beginning; thence Southerly parallel to
the East line of said Southeast Quarter, 432.8 feet,
more or less, to a point, said point being 990 feet,
more or less, South of the North line of said Southeast
Resolution No. 2012-252
Page 2
Quarter and being the Southeast corner of the real
estate acquired by the Waterloo, Cedar Falls and
Northern Railway Company in 69 LD 474; thence Westerly
parallel to the South line of said Southeast Quarter,
60 feet; thence Northerly parallel to the East line of
said Southeast Quarter, 100 feet; thence Easterly
parallel to the South line of said Southeast Quarter,
42.33 feet; thence Northerly parallel to the East line
of said Southeast Quarter, 332.8 feet, more or less, to
said South line of Stratford Avenue; thence Easterly
along said South line of Stratford Avenue, 17.67 feet
to the point of beginning, except the North 200 feet
thereof, 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 by
March 1, 2013.
PASSED AND ADOPTED this 26th
ATTEST:
Ca:p
Suzy 'cJares, CMC
City Clerk
f March, 2012.
Ernest G. Clark, Mayor