HomeMy WebLinkAbout2005-353-04.25.2005 TJ `S
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ThiS, Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
teet, Waterloo, Iowa.
s c RESOLUTION NO. 2005-353
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< RESOLUTION APPROVING APPLICATION WITH CLARK
t s a; s ENTERPRISES FOR TAX EXEMPTIONS ON
n -= ti IMPROVEMENTS TOTALING $20, 668 . 00 FOR PROPERTY
LOCATED AT 1113-1121 WEST 7TH STREET IN THE
H, CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
s j ¢ v T IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
s s =� IOWA.
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- WHEREAS, Clark Enterprises has submitted an application
o -dated April 25, 2005, to the City Council of the City of
-u n aterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $20, 668 . 00 for property located at 1113-
w t; -1I21, West 7th Street, more fully described as follows :
7 Leavitt Johnson and Miller Addition Lot 4 Block 9, all
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H s ✓ in the City of Waterloo, Black Hawk County, Iowa;
WHEREAS, property
saidis located within the designated
v oiolidated Urban Revitalization Area in Waterloo, Iowa, as
tr previously established by the City Council of the City of
m n1ate'rloo, 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 25th day of April, 2005 .
Tim Hurley, M or
ATTEST:
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Nancy'_Ecker CMC
City Clerk