HomeMy WebLinkAbout2008-40-1/22/2008 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2008-40
RESOLUTION APPROVING APPLICATION WITH MEHAGA
AND HATIDZA HUSIC FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $75, 000 . 00 FOR PROPERTY
LOCATED AT 801-805 COMMERCIAL STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Mehaga and Hatidza Husic have submitted an
application dated January 9, 2008 to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $75, 000 . 00 for property located at 801-805
Commercial Street, more fully described as follows :
Fractional Blocks Waterloo West all Lot 70 Block 14
except roadway, 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 1000
For the second year 100%
For the third year 100%
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF 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, 2008 .
L-p on No. 2008-40
C
AND ADOPTED this 22nd day of January, 2008 .
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