HomeMy WebLinkAbout2003-348-05.19.2003 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2003-348
RESOLUTION APPROVING APPLICATION WITH GHULAM
AHMED FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $17, 653 . 00 FOR PROPERTY LOCATED AT
1761 INDEPENDENCE AVENUE IN THE CONSOLIDATED
URBAN REVITALIZATION AREA PLAN, IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Ghulam Ahmed has submitted an application dated May
19, 2003, to the City Council of the City of Waterloo, Iowa
requesting to receive tax exemptions on improvements totaling
$17, 653. 00 for property located at 1761 Independence Avenue, more
fully described as follows:
Unplatted Waterloo East part South 1/2 West 1/3 East
1/2 Southeast Section 19 Township 89 Range 12
commencing at point of intersection East line West CF&N
Railroad right-of-way and North line Highway 20 thence
East 100 feet thence North 100 feet thence West 100
feet thence South 100 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 1000
For the second year 100n
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 .
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'ResOljtition No. 2003-348
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,,PASSTED AND ADOPTED this 19th day of May, 2003.
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