HomeMy WebLinkAbout2003-347-05.19.2003 (r.!
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`rr'11)iW eo %tion prepared by Nancy Eckert, City Clerk, 715 Mulberry
v S xae , 'Waterloo, Iowa.
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: 0 0 t'i H o RESOLUTION NO. 2003-347
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HE-' � 15( �' RESOLUTION APPROVING APPLICATION WITH JOHN
e > F PROCTOR FOR TAX EXEMPTIONS ON IMPROVEMENTS
Ca v; E
C c x ; s >" TOTALING $89, 000 . 00 FOR PROPERTY LOCATED AT
c 1306 FULTON STREET IN THE CONSOLIDATED URBAN
ti C w L11 " REVITALIZATION AREA PLAN, IN THE CITY OF
o t) ) r-+ 4r WATERLOO, BLACK HAWK COUNTY, IOWA.
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cat ' ':WHEREAS, John Proctor has submitted an application dated May
1,Q Z to the City Council of the City of Waterloo, Iowa
-r. u480�•�3,-tirig to receive tax exemptions on improvements totaling
$89, 000 00 for property located at 1306 Fulton Street, more fully
described as follows:
Maywood Third Addition West 111 . 58 feet of Lot 59, 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, 2004 .
PASSED AND ADOPTED this 19th day of May, 2003.
Harold Getty, Mayor ro Tem
ATTEST:
Nancy Ecke , City Clerk