HomeMy WebLinkAbout2008-293-4/14/2008 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2008-293
RESOLUTION APPROVING APPLICATION WITH RICHARD
AND PATRICIA BILLINGTON FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $62, 086 . 00 FOR PROPERTY
LOCATED AT 1730 BUTLER AVENUE IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Richard and Patricia Billington have submitted an
application dated April 1, 2008 to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $62, 086. 00 for property located at 1730
Butler Avenue, more fully described as follows :
Unplatted Waterloo East a portion of land commencing at
a point 307 . 6 feet North of and 1085 feet East of the
center point of said Section 29 Township 89 Range 12;
thence South 142 . 45 feet parallel with the North and
South center line of said Section 29; thence East 100
feet parallel with the East and West center line of
Section 29; thence North 142 . 45 feet parallel with the
North and South center line of Section 29; thence West
100 feet to beginning, Title #000714509142 VIN #11988,
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 applicants are requesting the following
exemption schedule:
For the first year 80%
For the second year 70%
For the third year 600
For the fourth year 50%
For the fifth year 400
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. 2008-293
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U�ftf 4�—' WATERLOO, IOWA, that said application is hereby approved
r41�te City Clerk is hereby authorized and directed to forward
-M application and a copy of this resolution to the Assessor by
x ebriz, 1, 2009.
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c s 4�A£SED AND ADOPTED this 14t day of April, 2008 .
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