HomeMy WebLinkAbout2005-086-02/07/2005 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2005-86
RESOLUTION APPROVING APPLICATION WITH KENNETH
STIRM JR. FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $60, 378 . 00 FOR PROPERTY LOCATED AT
914 REBER AVENUE IN THE CONSOLIDATED URBAN
REVITALIZATION AREA PLAN, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Kenneth Stirm Jr. has submitted an application
dated February 7, 2005, to the City Council of the City of
Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $60, 378 . 00 for property located at 914
Reber Avenue, more fully described as follows:
Unplatted Waterloo West part Northeast of Southwest
Section 27 Township 89 Range 13 beginning at a point
545' West and 30' North of Southeast corner of
Northeast Southwest thence North 66. 7' thence
Southwest 103 . 7' thence East 79. 8' along North line of
Reber Avenue to point of beginning Section 27 Township
89 Range 13, 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 60%
For the fourth year 50%
For the fifth year 40%
For the sixth year 40%
For the seventh year 30%
For the eighth year 30%
For the ninth year 20%
For the tenth year 20%
Res61tion No. 2005-86
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t3"; I' OW, THEREFORE, BE IT RESOLVED BY THE CITY OF COUNCIL OF THE
a,ITY OF WATERLOO, IOWA, that said application is hereby approved
a h:e City Clerk is hereby authorized and directed to forward
SA da pplication and a copy of this resolution to the Assessor by
a4ary 1, 2006.r~ �
ci 0 >PASSED AND ADOPTED this 7th day of February, 2005 .
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