HomeMy WebLinkAbout2005-100-02/07/2005 Tta s. Resnlution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street,T Waterloo, Iowa.
; RESOLUTION NO. 2005-100
RESOLUTION APPROVING APPLICATION WITH CASH
`` FLOW FINANCIAL GROUP LLC FOR TAX EXEMPTIONS
'7--
ON IMPROVEMENTS TOTALING $72, 000 . 00 FOR
so-' ` - PROPERTY LOCATED AT 704 NEWELL STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
H Cf IOWA.
s -r N. WHEREAS, Cash Flow Financial Group LLC has submitted an
. applicaTti.on dated February 7, 2005, to the City Council of the
=? C of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $72, 000 . 00 for property located at 704
Newe-iI ,,Street, more fully described as follows :
C _ t--
•
ru �_ Rase Hill Replat Lot 4 Lot 5 Block 1, all in the City
Qf Waterloo, Black Hawk County, Iowa;
o - _
and,.-=
- WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area in Waterloo, Iowa, as
previ ausly 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 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.
Tiz
Tim HurleyY or
ATTEST:
Nancy Ecke , CMC
City Clerk