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HomeMy WebLinkAbout2005-1001-11.07.2005 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry Street, Waterloo, Iowa. RESOLUTION NO. 2005-1001 RESOLUTION APPROVING APPLICATION WITH EUGENE SCHWICKERATH FOR TAX EXEMPTIONS ON IMPROVEMENTS TOTALING $14, 500. 00 FOR PROPERTY LOCATED AT 825 WEST 3RD STREET IN THE CONSOLIDATED URBAN REVITALIZATION AREA PLAN, IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. WHEREAS, Eugene Schwickerath has submitted an application dated November 7, 2005 to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on improvements totaling $14, 500. 00 for property located at 825 West 3r Street, more fully described as follows : Leavitts Addition Part of Lot 1 Block 5 beginning at a point 132 . 21 feet Northeast from intersection of West 3rd Street and Allen Street thence Southeasterly to a point on Southeast line which is 70 feet Southwesterly from most Easterly corner thence Northeast to Easterly corner thence Northwesterly along Northeast line Lot 1 to Southeast line West 3r Street thence Southwesterly along Southeast line West 3rd Street 71 . 19 feet to beginning, 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. w � $ S m2 \ 32 » S c yey s/lion No. 2005-1001 / /2 ' a ± < / 2 < co w J • � 3 » y / 0 y 6PASSED AND ADOPTED this 7th day of November, 2005 . › x ± m 3 ± weww t7, / _ Tim Hurley, 2 or gym / / ��� 2 we ± e @w ® - / w Ec»e£ CMC t Cle£2 ± % AJ , SJM e Sew M & 3 w + m FL) � w % 3c2m g . g cw « 3c ± J Jy A22 « tZ / t o b7yr 22 « of % w � x