HomeMy WebLinkAbout2003-054-01.21.2003 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2003-54
RESOLUTION APPROVING APPLICATION WITH STANLEY
AND CAROL WOOD FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $8, 336. 00 FOR PROPERTY
LOCATED AT 420 DUNHAM PLACE IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Stanley and Carol Wood have submitted an
application dated January 21, 2003, to the City Council of the
City of Waterloo, Iowa requesting to receive tax exemptions on
improvements totaling $8, 336. 00 for property located at 420
Dunham Place, more fully described as follows :
Guenthers Out Lots South 50 feet West 90. 5 feet Lot 1
South 40 feet East 85 feet Lot 1 and a part of Lot 17
described as follows:
Commencing at most Northerly corner of said Lot 17
thence South along the West line of said lot a distance
of 71 .2 feet thence East a distance of 138 . 87 feet to a
point on the Northeasterly line of said lot that is 156
feet Southeasterly measured along the Northeasterly
line of said lot from the place of beginning thence
Northwesterly along the Northeasterly line of said lot
a distance of 156 feet to the place 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%
°.•:10k2ou.. ilfit- No. 2003-54
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----1 0 2 :....-+''.:;,' NOW,. THEREFORE, BE IT RESOLVED BY THE CITY OF COUNCIL OF THE
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LT-1 ,_,CITY'-pF ,WATERLOO, IOWA, that said application is hereby approved
1 Gtiand the City Clerk is hereby authorized and directed to forward
mid application and a copy of this resolution to the Assessor by
.`*bruarlit,' 11 2003
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co 0 L.-.1:, Pti.SbED AND ADOPTED this 21st day of January, 2003.
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Harold Getty, May./ Pro Tern
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Nancy Eoice , City Clerk