HomeMy WebLinkAbout2008-674-8/11/2008 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa .
RESOLUTION NO. 2008-674
RESOLUTION APPROVING APPLICATION WITH SCOTT
AND CONNIE PETERSEN FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $150, 000 . 00 FOR
PROPERTY LOCATED AT 1045 FULTON STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Scott and Connie
application dated Au gust 5 Petersen have submitted an
2008 to the City Council of the City
Of Waterloo, g
Iowa, requesting to receive tax exemptions on
improvements totaling $150, 000 . 00 for property located at 1045
Fulton Street, more fully described as follows:
Auditor Rainbows Plat Maywood Second Filing Waterloo
Lot 13, Lot 14, Lot 15, all in Block 9, 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
Waterloo, Iowa, y
previously established by the CitCouncil of the City of
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 applicants are requesting the following
exemption schedule:
For the first year
For the second year 800
70%
For the third year
60 500
For the fourth year %
For the fifth year
40%
For the sixth year
400
For the seventh year
300
For the eighth year
300
For the ninth year
20
year 20
For the tenth %
0
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
CITY OF WATERLOO, IOWACOUNCIL OF THE
, 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, 2009.
on No. 2008-674
/C
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