HomeMy WebLinkAbout2005-106-02/07/2005 c, -
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'his;Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street_, Waterloo, Iowa.
RESOLUTION NO. 2005-106
e x c
° C RESOLUTION APPROVING APPLICATION WITH CASH
< - FLOW FINANCIAL GROUP LLC FOR TAX EXEMPTIONS
✓ � ~ ^� _y ON IMPROVEMENTS TOTALING $82, 000 . 00 FOR
s = PROPERTY LOCATED AT 1218 W. PARKER STREET IN
THE CONSOLIDATED URBAN REVITALIZATION AREA
e ' PLAN, IN THE CITY OF WATERLOO, BLACK HAWK
s _ COUNTY, IOWA.
s y WHEREAS, Cash Flow Financial Group LLC has submitted an
application dated February 7, 2005, to the City Council of the
C• City=Jof_Waterloo, Iowa, requesting to receive tax exemptions on
impro.vements totaling $82, 000 . 00 for property located at 1218 W.
Parker ,Street, more fully described as follows :
c
;Affords Subdivision of a part of Lot A Cedar Dale Lot
= C1�4 Block 5, all in the City of Waterloo, Black Hawk
' ''''County, Iowa;
and,
, W-14EREAS, said property is located within the designated
Coisol dated Urban Revitalization Area in Waterloo, Iowa, as
previously established by the City Council of the City of
Wterl.00, 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 1000
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.
Tim Hurley, ayor
ATTEST:
Nancy Eck t, CMC
City Cler