HomeMy WebLinkAbout2012-731-7/23/2012 Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703 .
RESOLUTION NO. 2012-731
RESOLUTION APPROVING APPLICATION WITH ETHAN
JENNINGS FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $40, 000 . 00 FOR PROPERTY LOCATED AT
419 WEST LOUISE STREET IN THE CONSOLIDATED
URBAN REVITALIZATION AREA, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Ethan Jennings has submitted an application dated
July 16, 2012 to the City Council of the City of Waterloo, Iowa,
requesting to receive tax exemptions on improvements totaling
$40, 000 . 00 for property located at 419 West Louise Street, more
fully described as follows :
A part of the Southwest Quarter of the Northeast
Quarter of Section No. 14, Township No. 89 North, Range
No. 13 West of the Fifth Principal Meridian, in the
City of Waterloo, Black Hawk County, Iowa, described as
follows :
Beginning at the Northeast corner of the Southwest
Quarter of the Northeast Quarter of said Section;
thence West along the North line of the Southwest
Quarter of the Northeast Quarter of said Section 264
feet; thence South 175 feet; thence East 264 feet;
thence North 175 feet to the place of beginning, except
the East 117 feet thereof;
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 Revi.talizatiorL 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 1000
For the second year 1000
For the third year 1000
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.
V
Resolution No. 2012-731
Page 2
PASSED AND ADOPTED this 2"Clar
rd12
ATTEST :
r Suzy Scares, CMC
City Clerk