HomeMy WebLinkAbout2009-162-03/02/2009 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2009-162
RESOLUTION APPROVING APPLICATION WITH
WATERLOO ELKS LODGE 290 FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $1, 669, 400 . 00 FOR
PROPERTY LOCATED AT 407 EAST PARK AVENUE IN
THE CONSOLIDATED URBAN REVITALIZATION AREA
PLAN, IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Waterloo Elks Lodge 290 has submitted an
application dated February 18 , 2009 to the City Council of the
City of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $1, 669, 400 . 00 for property located at 407
East Park Avenue, more fully described as follows :
Original Plat Waterloo East Southwest 30 feet Lot 5
Block 37 Southeast 50 feet Southwest 30 feet Lot 6
Block 37 Northwest 100 feet Lot 6 Block 37 Lot 7 Block
37 Lot 8 Block 37 Lot 9 Block 37 Lot 10 Block 37
(commercial portion of land and building assessed as
891324354005) , 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
exemption schedule :
For the first year 100%
For the second year 100%
For the third year 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
February 1, 2010 .
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77Resolution No. 2009-162
,Page 2
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x ASSED AND ADOPTED this 2nd day, March, 2009 .
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o N d s Reggie Schmitt, Mayor Pro Tem
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Nancy Ecke ,, , CMC
City .Clerk
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