HomeMy WebLinkAbout2008-763-9/2/2008 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa .
RESOLUTION NO. 2008-763
RESOLUTION APPROVING APPLICATION WITH CRAIG
AND BRENDA ALDRICH FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $90, 000 . 00 FOR PROPERTY
LOCATED AT 1340 MIDLAND STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Craig and Brenda Aldrich have submitted an
application dated August 22, 2008 to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $90, 000 . 00 for property located at 1340
Midland Street, more fully described as follows :
Cloverdale Acres part of Lot 24 commencing at the
Southeast corner, thence North 350 feet, thence West to
the right of way of WCF&N Railroad, thence
Southeasterly along the right of way to the South line
of lot, thence East 160 . 8 feet to the beginning except
highway, 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 800
For the second year 700
For the third year 60%
For the fourth year 50%
For the fifth year 40%
For the sixth year 40%
For the seventh year 30%
For the eighth year 30%
For the ninth year 20%
For the tenth year 20%
' Resolution No. 2008-763
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THEREFORE, BE IT RESOLVED BY THE CITY coowCls OF THE
WATERLOO, IoA, that said application is hereby a2proved
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% city Clerk is hereby authorized and directed to forward
2 154--�d!ja�p lication and a copy of this resolution to the assessor by
2009 .
\ \ \ 44SSED D ADOPTED this 2~ day of September, 2008 .
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City Cler
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