HomeMy WebLinkAbout2005-1002-11.07.2005 '1Iliciisolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
IS Waterloo, Iowa.
s
3 RESOLUTION NO. 2005-1002
H RESOLUTION APPROVING APPLICATION WITH LOWELL
R. KARSTEN FOR TAX EXEMPTIONS ON IMPROVEMENTS
_< 4 v TOTALING $9, 792 . 00 FOR PROPERTY LOCATED AT
J s 957 FULTON STREET IN THE CONSOLIDATED URBAN
:7) `ti REVITALIZATION AREA PLAN, IN THE CITY OF
fl r WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Lowell R. Karsten has submitted an application dated
'November 7, 2005 to the City Council of the City of Waterloo,
3cta requesting to receive tax exemptions on improvements
o -Slang $9, 792 . 00 for property located at 957 Fulton Street, more
c -ttol-ty-described as follows :
`Auditor Rainbows Plat Maywood Second Filing Waterloo
c - '-Lot 7 Block 6 Lot 8 Block 6 Lot 9 Block 6, all in the
c pity of Waterloo, Black Hawk County, Iowa;
a ndT
u WHEREAS, said property is located within the designated
C no-lidated Urban Revitalization Area in Waterloo, Iowa, as
H .
eiusly established by the City Council of the City of
lkqterqoo, Iowa,
arid,
~6VHEREAS, 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, M
ATTEST:
Nanc Ecke , CMC
City Clerk