HomeMy WebLinkAbout2006-74-02/06/2006 Y
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This^R solution prepared by Nancy Eckert, City Clerk, 715 Mulberry
S i 0tT Waterloo, Iowa.
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RESOLUTION NO. 2006-74
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¢ RESOLUTION APPROVING APPLICATION WITH FELISHA
-A; D. EPPS FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $118, 837 . 00 FOR PROPERTY LOCATED AT
7- 335 BATES STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA PLAN, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
`VHEREAS, Felisha D. Epps has submitted an application dated
• E izaTy 6, 2006 to the City Council of the City of Waterloo,
Iw -- nrequesting to receive tax exemptions on improvements
tb al.i g $118, 837 . 00 for property located at 335 Bates Street,
'f moi'e`fully described as follows:
Lowrey & McWilliams Addition Lot 21 Lot 22 Block 9, all
- i the City of Waterloo, Black Hawk County, Iowa;
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arid;
. EREAS, said property is located within the designated
C-a -W idated Urban Revitalization Area in Waterloo, Iowa, as
prevsly established by the City Council of the City of
Wa -erl4o, Iowa,
EREAS, 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 1000
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 .
PASSED AND ADOPTED this 6th day of February, 2006.
Tim Hurley, Ma r
ATTEST:
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Nancy Eckert, 1 C
City Clerk