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HomeMy WebLinkAbout2005-112-02/07/2005 H T C ti C S This -R 'solution prepared by Nancy Eckert, City Clerk, 715 Mulberry Sir-e�t:,;,� -Waterloo, Iowa. RESOLUTION NO. 2005-112 tr tC rr, Q b ` F2 RESOLUTION APPROVING APPLICATION WITH CASH >C C C - FLOW FINANCIAL GROUP LLC FOR TAX EXEMPTIONS � tC � z ON IMPROVEMENTS TOTALING $60, 000. 00 FOR PROPERTY LOCATED AT 226 COTTAGE STREET IN THE i7s s CONSOLIDATED URBAN REVITALIZATION AREA PLAN, IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. o � s ^ Q ti 7H-S EAS, Cash Flow Financial Group LLC has submitted an appli a:tjon dated February 7, 2005, to the City Council of the Ci-tre Waterloo, Iowa, requesting to receive tax exemptions on improv m-ents totaling $60, 000 . 00 for property located at 226 Cott __ e ::Street more fully described as follows : © "' L j ` ammond and Hopkins Addition Lot 2 Block 2 SN #121678 Illi Back Hawk County, Iowa; ' a n Cu,,, _ .-WIC-EREAS, said property is located within the designated Consolidated Urban Revitalization Area in Waterloo, Iowa, as pre-vi'ously established by the City Council of the City of Wat eloo, Iowa, ant, VHEREAS, 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 Hur ey, yor ATTEST: Nancy Eck _t, CMC City Cler