HomeMy WebLinkAbout2005-107-02/07/2005 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2005-107
RESOLUTION APPROVING APPLICATION WITH CASH
FLOW FINANCIAL GROUP LLC FOR TAX EXEMPTIONS
ON IMPROVEMENTS TOTALING $82, 000 . 00 FOR
PROPERTY LOCATED AT 1609 BUTLER 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
application dated February 7 , 2005, to the City Council of the
City of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $82, 000 . 00 for property located at 1609
Butler Street, more fully described as follows :
Unplatted Waterloo East a tract of land commencing at a
point 357 . 6 feet North and 196 feet East of center
point and extending 73 feet East parallel with East and
West center line Section 29 thence North 140 feet
thence West 73 feet thence South 140 feet to point of
beginning Section 29 Township 89 Range 12, 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 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.
:1111R7eicau_H-tion No. 2005-107
2_
o
c <
0 SSED AND ADOPTED this 7th day of February, 2005.
t.
tZ P. 71 C:
o b 0
> t
ni >< 711 W Tim Hurley, ayor
t7rit ¢ -,=C
CD Hfl
't trATITipl
tH-F=7
-1 'I rrl
CD (D
CD n
-- ncy ckjt, CMC
--
cD e- ›-
F,
0 ro
c
< 0
t7:
HH
AD ,14 W
•
LT' A9 if.
zc
A; w
rr, < H
7-1
CHH
<
'71