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HomeMy WebLinkAbout2006-1073-12/11/2006 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry Street, Waterloo, Iowa. RESOLUTION NO. 2006-1073 RESOLUTION APPROVING APPLICATION WITH CHARLOTTE BOLDEN FOR TAX EXEMPTIONS ON IMPROVEMENTS TOTALING $103, 137 . 80 FOR PROPERTY LOCATED AT 734 MOBILE STREET IN THE CONSOLIDATED URBAN REVITALIZATION AREA PLAN, IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. WHEREAS, Charlotte Bolden has submitted an application dated November 21, 2006 to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on improvements totaling $103, 137 . 80 for property located at 734 Mobile Street, more fully described as follows : Shilliams Subdivision Lot 14 Block 1, all in the City of Waterloo, Black Hawk County, Iowa; and, WHEREAS, said property is located within the designated Consolidated Urban Revitalization Area in Waterloo, Iowa, as previously established by the City Council of the City of Waterloo, Iowa, and, WHEREAS, the improvement project respecting sa I property is in conformance with the Consolidated Urban Revitali ation Plan as officially adopted by the City Council for the Cit ? of Waterloo, Iowa, and WHEREAS, the improvements on said property we made during the time in which such improvements are eligibl for the tax exemption as set forth in the Consolidated Urban vitalization Plan as adopted by the City Council of the City of Waterloo, Iowa, and as set forth in the Urban Revitalization :t as adopted by the Legislature of the State of Iowa and gned by the Governor of the State of Iowa, and WHEREAS, said applicant is requesting _he following exemption schedule: For the first year 80% For the second year 70% For the third year 60% For the fourth year 50% For the fifth year 40% For the sixth year 400 For the seventh year 30% For the eighth year 30% For the ninth year 20% For the tenth year 20% NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF COUNCIL OF THE CITY OF WATERLOO, IOWA, that said application is hereby approved and the City Clerk is hereby authorized and directed to forward said application and a copy of this resolution to the Assessor by February 1, 2007 . "$rz)Tut±tn No. 2006-1073 \ ~ —PASSED AND ADOPTED this llt day of December, 2006 . eytMay, « 3222 w 22 § 2 cc�� / \ . « c2 k k CMC tl y---CnI e r r aD 00 /� c « ew * w » M = cxz / » � c E701-aoe: .oz of \ \ ® jc w � tez � \ \ / » Sep \ m ,=ems 9090 to Yc6 ©II eiazr oeTcl o A oPIA oacUA'9% ® / aKocc \ » U4 / a'Q,/aM .Yel=ee MiT / \ ^ C \ / 6241 / Mwz » z » rew z ± zw z OM , i0 lei\ / » z , R = = te c ®/ / Mowe car # zw eeme » rem / / « / c » cz ce » t « t c