HomeMy WebLinkAbout2007-490-6/18/2007 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa .
RESOLUTION NO. 2007-490
RESOLUTION APPROVING APPLICATION WITH ADEM
DURIC FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $25, 000 . 00 FOR PROPERTY LOCATED AT
910 LEAVITT STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA PLAN, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Adem Duric has submitted an application dated June
12, 2007 to the City Council of the City of Waterloo, Iowa,
requesting to receive tax exemptions on improvements totaling
$25, 000. 00 for property located at 910 Leavitt Street, more fully
described as follows:
Leavitt Johnson and Miller Addition Southeast 45 feet
Lot 15 Block 12, 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 600
For the fourth year 500
For the fifth year 400
For the sixth year 40%
For the seventh year 30%
For the eighth year 300
For the ninth year 20%
For the tenth year 20%
NOW, THEREFORE, BE IT RESOLVED BY THE 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 .
Nmn � 3
42e—serVtion No. 2007-490
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V. o 'P8SSED AND ADOPTED this 18th day of June, 2007 .
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