HomeMy WebLinkAbout2006-268-04/03/2006 • r1
Whirs R'eolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
.St`;reet, .Waterloo, Iowa.
RESOLUTION NO. 2006-268
RESOLUTION APPROVING APPLICATION WITH LARRY
1y NELSON FOR TAX EXEMPTIONS ON IMPROVEMENTS
_7—< TOTALING $20, 000. 00 FOR PROPERTY LOCATED AT
-. .� 716 WEST 8TH STREET IN THE CONSOLIDATED URBAN
- _z; - REVITALIZATION AREA PLAN, IN THE CITY OF
< Y s WATERLOO, BLACK HAWK COUNTY, IOWA.
_Q WHEREAS, Larry Nelson has submitted an application dated
Ap 'i1 '3, 2006 to the City Council of the City of Waterloo, Iowa,
_reuesting to receive tax exemptions on improvements totaling
2oiciero. 00 for property located at 716 West 8th Street, more fully
Li
as follows :
co Does Addition Northeast 60 feet Lot 10 Block 20, all in
` the City of Waterloo, Black Hawk County, Iowa;
71-
a:Txd
i4HEREAS, 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
Wate loo, Iowa,
47d, _
4HEREAS, 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 100%
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, 2007 .
PASSED AND ADOPTED this 3rd day of April, 2006.
Tim Hurley, yor
ATTEST:
Nancy Ecke CMC
City Clerk