HomeMy WebLinkAbout2004-240-04.19.2004 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2004-240
RESOLUTION APPROVING APPLICATION WITH JAMES
AND VALERIE TEISINGER FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $140, 000 . 00 FOR
PROPERTY LOCATED AT 1709 BUTLER AVENUE IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, James and Valerie Teisinger have submitted an
application dated April 19, 2004 , to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $140, 000 . 00 for property located at 1709
Butler Avenue, more fully described as follows :
A part ,of Southwest 1% Northeast 4 Section 29 Township
89 Range 12 described as beginning at a point which is
685 feet East and 357 . 6 feet North of center of Section
29 thence North 93 feet thence South 89 degrees 27
minutes 43 seconds East 150 feet thence South 93 feet
thence North 89 degrees 27 minutes 44 seconds West
150 . 11 feet to point of 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 80%
For the second year 70%
For the third year 60%
For the fourth year 50%
For the fifth year 40%
For the sixth year 40%
For the seventh year 30%
For the eighth year 30%
For the ninth year 20%
For the tenth year 20%
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1 grin No. 2004-240
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CD 1-1 0 w, THEREFORE, BE IT RESOLVED BY THE CITY OF COUNCIL OF THE
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( '; ' WATERLOO, IOWA, that said application is hereby approved
H arid+ tt c City Clerk is hereby authorized and directed to forward
s 444aipgication and a copy of this resolution to the Assessor by
014'804.5
1, 2005 .
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• cN RP- ED AND ADOPTED this 19th day of April, 2004 .
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