HomeMy WebLinkAbout2005-097-02/07/2005 J _Y
'h Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
'; RESOLUTION NO. 2005-97
- RESOLUTION APPROVING APPLICATION WITH CASH
< `' - FLOW FINANCIAL GROUP LLC FOR TAX EXEMPTIONS
ON IMPROVEMENTS TOTALING $60, 000 . 00 FOR
- - PROPERTY LOCATED AT 720 WEBSTER STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
< : - -WHEREAS, Cash Flow Financial Group LLC has submitted an
a.pp.ication dated February 7, 2005, to the City Council of the
CIt3,:,o.f Waterloo, Iowa, requesting to receive tax exemptions on
impr&v.ements totaling $60, 000. 00 for property located at 720
W-ebster Street, more fully described as follows :
s
Rose Hill Replat Lot 5 Block 6, 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
p V'iously established by the City Council of the City of
' Tatetloo, 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 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, 2006.
PASSED AND ADOPTED this 7th day of February, 2005 .
Tim Hurley, M or
ATTEST:
Nancy Ec rt, CMC
City Cle