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HomeMy WebLinkAbout2005-091-02/07/2005 < This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry Street, Waterloo, Iowa. t RESOLUTION NO. 2005-91 ; -\. _ _ _.y C S `-- _. `` -" RESOLUTION APPROVING APPLICATION WITH MARY J. . MANGIN FOR TAX EXEMPTIONS ON IMPROVEMENTS H TOTALING $8, 213 . 76 FOR PROPERTY LOCATED AT . 1016 NEWTON STREET IN THE CONSOLIDATED URBAN ¢ ; c _-: : REVITALIZATION AREA PLAN, IN THE CITY OF -1 _: WATERLOO, BLACK HAWK COUNTY, IOWA. WHEREAS, Mary J. Mangin 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 $8, 213 . 76 for property located at 1016 Newton Street, c more` :fully described as follows: Soash Park Addition Lot 18 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 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, 2006. PASSED AND ADOPTED this 7th day of February, 2005 . Ai )ati Tim Hurley, ayor ATTEST: GCC2. 1t- Nancy Ec rt, CMC City Cl