HomeMy WebLinkAbout2005-1000-11.07.2005 �7QJ = J
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'ila_s e olution prepared by Nancy Eckert, City Clerk, 715 Mulberry
.gtge Waterloo, Iowa.
RESOLUTION NO. 2005-1000
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s — * Q RESOLUTION APPROVING APPLICATION WITH
BROADWAY LAUNDRY, INC. FOR TAX EXEMPTIONS ON
L7c. IMPROVEMENTS TOTALING $15, 830 . 00 FOR PROPERTY
j s LOCATED AT 1806 COMMERCIAL STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
O Q v IOWA.
-WHEREAS, Broadway Laundry, Inc. has submitted an application
. elated November 7, 2005 to the City Council of the City of
17(1. ril oo, Iowa, requesting to receive tax exemptions on
-.mprdvements totaling $15, 830 . 00 for property located at 1806
prcial Street, more fully described as follows:
Hayes Addition Lot 4 Block 7 all Lot 5 Block 7 except
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c z ., 7ortheast 80 feet Northwest 50 feet, all in the City of
< aprvWaterloo, Black Hawk County, Iowa;
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-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.
PASSED AND ADOPTED this 7th day of November, 2005 .
Tim Hurley, ayor
ATTEST:
Nancy Ecke , CMC
City Clerk