HomeMy WebLinkAbout2008-1085-12/8/2008 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa .
RESOLUTION NO. 2008-1085
RESOLUTION APPROVING APPLICATION WITH
WATERLOO HOUSING AUTHORITY FOR TAX EXEMPTIONS
ON IMPROVEMENTS TOTALING $115, 000 . 00 FOR
PROPERTY LOCATED AT 923 ONEIDA STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, the Waterloo Housing Authority has submitted an
application dated October 29, 2008 to the City Council of the
City of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $115, 000 . 00 for property located at 923
Oneida Street, more fully described as follows :
Rose Hill First Addition Lot 17 Block 10 and West 1� Lot
18 Block 10, 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 80%
For the second year 70%
For the third year 60%
For the fourth year 50%
For the fifth year 40%
For the sixth year 400
For the seventh year 300
For the eighth year 30%
For the ninth year 20%
For the tenth year 20%
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, 2009.
Resolution No. 2008-1e85
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\ ® \ �&SSED D ADOPTED this 8 day of December, 2008 .
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