HomeMy WebLinkAbout2009-387-05/04/2009 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2009-387
RESOLUTION APPROVING THE APPLICATION TO THE
IOWA DEPARTMENT OF ECONOMIC DEVELOPMENT
REQUESTING RECERTIFICATION AND EXPANSION OF
AN ENTERPRISE ZONE IN THE CITY OF WATERLOO
AND PROVIDING FOR THE EXEMPTION FROM TAXATION
OF THE IMPROVEMENTS MADE BY BUSINESSES WITHIN
THE ZONE.
WHEREAS, the City of Waterloo (hereinafter referred to as
the "City" ) , State of Iowa, is a political subdivision organized
and existing under the law and the Constitution of the State of
Iowa (the "State" ) ; and
WHEREAS, the purpose of 1997 Iowa Acts, House File 724 (the
"Act" ) is to encourage mutual development objectives between
communities and private business and to promote economic
investment in enterprise zones within the State; and
WHEREAS, the Act and administrative rules adopted by the
Iowa Department of Economic Development require the City to
approve, by resolution, the establishment of an enterprise zone
and the submission of a request for certification to the Iowa
Department of Economic Board; and
WHEREAS, under the Act, one of the benefits provided to
eligible businesses locating within a certified enterprise zone
is a City exemption from taxation of all, or a portion, of the
actual value added by improvements to real property that is :
1) directly related to new jobs created by the location or
expansion of an eligible business in the zone, and 2) used in the
operation of an eligible business within the zone; and
WHEREAS, it is the intention of the City of exempt from
location taxation all or a portion of the assessed real estate
value added by improvements to the property, beginning the first
year the improvements are assessed for taxation in the enterprise
zone .
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, as follows :
Section 1 . The City certifies that it is an eligible
participant under the Act and meets the following distress
criteria required under Section 4 of the Act :
a) The area has a per capita income of $12, 648 or less
based on the 2000 Census .
b) The area has a family poverty rate of 12 percent or
higher based on the 2000 Census .
c) Ten percent or more of the housing units are vacant in
the area.
Resolution No. 2009-387
Page 2
d) The valuations of each class of property in the
designated area is 75 percent or less of the citywide
average for that classification based upon the most
recent valuations for property tax purposes .
e) The area is a blighted area, as defined in Iowa Code
Section 403 . 17 .
Section 2 . The City hereby requests enterprise zone
certification from the Iowa Department of Economic Development
Board as authorized in Section 2 of the Act for the following
designated site of 14 . 96 square miles or 9575 . 8 acres, which the
City certifies is less than 1 percent of the county area for the
purposes of receiving the benefits under the Act . The legal
description of the enterprise zone area to be certified is :
Waterloo Enterprise Zone, being those portions of land
located in Township 89 North, Range 12 West, and
Townships 88 and 89 North, Range 13 West of the Fifth
Principal Meridian, in the City of Waterloo, Black Hawk
County, Iowa, and being more particularly described as
follows :
Beginning at the Northwest corner of Section 10,
Township 89 North, Range 13 West (locally known as the
intersection of Wagner Road and West Airline Highway) ;
thence East along the North line of Sections 10 & 11,
Township 89 North, Range 13 West (West Airline Highway)
to the Northeast corner of said Section 11 (locally
known as the intersection of Airline Highway and Logan
Avenue) ; thence South along the East line of Sections
11 and 14 , Township 89 North, Range 13 West (Logan
Avenue) to the centerline of the Canadian National
Railroad; thence East along the centerline of said
railroad to the centerline of East 4th Street; thence
North along the centerline of East 4th Street to the
centerline of East Louise Street; thence East along the
centerline of East Louise Street to the platted
centerline of Mildred Street; thence North along the
platted centerline of Mildred Street to the North line
of Section 13 , Township 89 North, Range 13 West (East
Donald Street) ; thence East along said North line (East
Donald Street) to the Northeast corner of said Section
13 ; thence East along the North line of Section 18 ,
Township 89 North, Range 12 West (East Donald Street)
to the centerline of Idaho Street; thence South along
the centerline of Idaho Street to the North line of
Section 19, Township 89 North, Range 12 West (locally
known as the intersection of Idaho Street and Newell
Street) ; thence East along the North lines of Sections
19, 20 and 21, Township 89 North, Range 12 West (Newell
Street) to the Northeast corner of the Section 21,
Township 89 North, Range 12 West (locally known as the
intersection of Newell Street and North Elk Run Road) ;
thence South along the East line of said Section 21
(North Elk Run Road) to its intersection with the
Northerly right-of-way of the Union Pacific Railroad;
thence Southwesterly following said Northerly Railroad
line to the West line of the Northeast 'A of the
Northeast 'A of said Section 21; thence South along said
West 'A A line to the Southerly right-of-way line of the
Resolution No. 2009-387
Page 3
Union Pacific Railroad; thence Northeasterly following
said Southerly railroad line to the East line of
Section 21, Township 89 North, Range 12 West (North Elk
Run Road) ; thence South along the East line of said
Section 21 (North Elk Run Road) to the South line of
the Northeast 1/ of the Southeast % of Section 21;
thence West along the South line of the Northeast 1/ of
the Southeast 1/ to the Southwest corner of said
Northeast 1/ of the Southeast 1/ of said Section 21;
thence Southerly along the Westerly lines of the
property recorded in Deed Book 441, Page 471 of the
records of Black Hawk County, to the North line of
Section 28, Township 89 North, Range 12 West; thence
West along the North lines of Sections 28 and 29,
Township 89 North, Range 12 West (Independence Avenue)
to the centerline of Bishop Avenue; thence South along
the centerline of Bishop Avenue to the centerline of
Cottage Grove Avenue; thence West along the centerline
of Cottage Grove Avenue to the centerline of Gilbert
Street; thence Northerly following the centerline of
Gilbert Street and Gilbert Street extended to the
centerline of Archer Avenue; thence West along the
centerline of Archer Avenue to the centerline of
Creston Avenue; thence South along the centerline of
Creston Avenue to the centerline of Fulton Avenue;
thence East along the centerline of Fulton Avenue to
the centerline of Milwaukee Avenue; thence South along
the centerline of Milwaukee Avenue to the South line of
Section 29, Township 89 North, Range 12 West (Osage
Avenue) ; thence West along the South line of said
Section 29 to the East line of Government Lot 1 in
Section 32 , Township 89 North, Range 12 West; thence
South along said East line of Government Lot 1 to the
Easterly line of the Cedar River; thence Southerly
following the Easterly line of the Cedar River to its
intersection with the centerline of US Highway 20, (as
now established) ; thence Westerly along the centerline
of said US Highway 20 to the West line of Section 11,
Township 88 North, Range 13 West (Hammond Avenue) ;
thence North along the West lines of Sections 11 & 2 ,
Township 88 North, Range 13 West (Hammond Avenue) to
the Northwest corner of said Section 2 (locally known
as the intersection of Hammond Avenue and East Ridgeway
Avenue) ; thence East along the North line of said
Section 2 to its intersection with the centerline of
LaPorte Road; thence North along said centerline of
LaPorte Road to its intersection with the centerline of
the Southeasterly bound lanes of Washington Street;
thence Northwesterly along said centerline to its
intersection with the North line of Section 36,
Township 89 North, Range 13 West; thence West along the
North lines of Sections 36 & 35, Township 89 North,
Range 13 West (Williston Avenue) to its intersection
with the centerline of West 8th Street; thence North
and Northeasterly along the centerline of West 8th
Street to the centerline of Randolph Street; thence
Northwesterly along the centerline of Randolph Street
and the extension thereof to the Northwesterly right-
of-way line of West 4th Street; thence Southwesterly
along the Northwesterly line of West 4th Street, and
its extensions, to its intersection with the extended
Resolution No. 2009-387
Page 4
West right-of-way of Sullivan Avenue; thence North
following the West line of Sullivan Ave . to the
Northerly most corner of Lot 3 Block 1 Summit Addition,
(said point also being a point on the South line of
Elmwood Cemetery property) ; thence Westerly following
the Northerly line of Summit Addition to the East line
of Marsh Street; thence Northwesterly across Marsh
Street Right-of-Way to a point on the West line of
Marsh Street that is on the North line of Prospect
Heights Addition; thence Northwesterly following the
North boundary of Prospect Heights Addition to the
centerline of Chicago St; thence South along the
centerline of Chicago Street to the centerline of
Summit Avenue; thence West along the centerline of
Summit Avenue and its extension thereof, to the
centerline of Fletcher Avenue; thence North along the
centerline of Fletcher Avenue to the Northerly line of
the former Chicago and Great Western Railway right-of-
way; thence Northeasterly along said Northerly Railroad
right-of-way line and its extension to the centerline
of University Avenue; thence Easterly along the
centerline of University Avenue to the centerline of
Mullan Avenue, as platted; thence Northeasterly along
the centerline of Mullan Avenue (as platted) to the
centerline of the main channel of the Cedar River;
thence Northwesterly along the centerline of the main
channel of the Cedar River to the centerline of
relocated Conger Street; thence Easterly along the
centerline of relocated Conger Street to its
intersection with the centerline of Burton Avenue;
thence South along the centerline of Burton Avenue to
the centerline of the Canadian National Railroad spur
line; thence following said railroad spur line
Easterly, Northeasterly, Northerly, and Northwesterly
to its intersection with the centerline of the Canadian
National Railroad mainline (said intersection lying
Northeasterly of the Broadway Street Right-of-Way) ;
thence Northwesterly following said Railroad mainline
centerline to its intersection with the West line of
Section 10, Township 89 North, Range 13 West (Wagner
Road) ; thence North along the said West line (Wagner
Road) to the Northwest corner of said Section 10 and
the Point of Beginning.
A detailed map of the area described above is identified in
Exhibit "B" to this Resolution.
Section 3 . The City exempts from taxation One Dollar
($1 . 00) .
Section 4 . The City shall provide a copy of this resolution
to the Iowa Department of Economic Development and shall file
this resolution with the Black Hawk County Assessor.
Section 5 . The following officers of the City are hereby
authorized to take such further actions as are deemed necessary
in order to carry into effect the provisions of this resolution:
Tim Hurley, Mayor, and Nancy Eckert, City Clerk.
Section 6 . All resolutions and parts thereof in conflict
herewith are hereby repealed to the extent of such conflict .
Resolution No. 2009-387
Page 5
Section 7 . The provisions of this resolution are hereby
declared to be severable; and if any section, phrase, or
provision shall for any reason be declared to be invalid, such
declaration shall not effect the validity of the remainder of the
sections, phrases, and provisions hereof .
Section 8 . This resolution shall become effective
immediately upon its passage and approval .
PASSED AND ADOPTED this 4th day of May, 2009 .
... i._
Tim Hurley, Mayor ,/
ATTEST:
Nancy Eck t, CMC
City Cler'
1 _ , . __ __
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