HomeMy WebLinkAbout2005-088-02/07/2005 17,
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PT4i,s ' esolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
ttret,' Waterloo, Iowa.
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RESOLUTION NO. 2005-88
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a Jt-1 • RESOLUTION APPROVING APPLICATION WITH LARRY
=L0 El NELSON FOR TAX EXEMPTIONS ON IMPROVEMENTS
cntr TOTALING $20, 000 . 00 FOR PROPERTY LOCATED AT
327 EAST 2ND STREET IN THE CONSOLIDATED URBAN
itt� S REVITALIZATION AREA PLAN, IN THE CITY OF
Fa ,act, WATERLOO, BLACK HAWK COUNTY, IOWA.H
E-1E ' WWHEREAS, Larry Nelson has submitted an application dated
ss c 'ebruary 7, 2005, to the City Council of the City of Waterloo,
s IQa,' requesting to receive tax exemptions on improvements
0 :t taY ng $20, 000. 00 for property located at 327 East 2nd Street,
pore -fully described as follows :
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c.) ' c-' C) original Plat Waterloo East Northeasterly 35 feet
a o `i C% r� ,_ Southeasterly 60 feet Lot 1 Block 32, all in the City
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co G, :of Waterloo, Black Hawk County, Iowa;
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k ; '"' 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
Watrloo, 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 100%
For the second year 1000
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, 2006.
PASSED AND ADOPTED this 7th day of February, 2005.
Tim Hurley, Ma;.r
ATTEST:
Nancy Eck , CMC
City Cler