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HomeMy WebLinkAbout2003-540-08.11.2003 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry Street, Waterloo, Iowa. RESOLUTION NO. 2003-540 RESOLUTION APPROVING APPLICATION WITH CURTIS AND DEBRA RILEY FOR TAX EXEMPTIONS ON IMPROVEMENTS TOTALING $14, 100. 00 FOR PROPERTY LOCATED AT 961 EAST DONALD STREET IN THE CONSOLIDATED URBAN REVITALIZATION AREA PLAN, IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. WHEREAS, Curtis and Debra Riley have submitted an application dated August 11, 2003, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on improvements totaling $14, 100. 00 for property located at 961 East Donald Street, more fully described as follows: Unplatted Waterloo East West 100 feet East 268 feet South 353 feet Southeast Southeast Section 12 Township 89 Range 13, 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% 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. MResolutjo No. 2003-540 oE-+ 1-fuitr} r-ttri ''d r-r Z t21 tr1 E-+ tg E- txEHCH � o © P >14sgiii AND ADOPTED this llth day of August, 2003. a.) � t7 0 Z 1-1 1 zi o rrtrslt=70 H o `udo � x "Ir' ,,Mrs 404- / ----1) ° s hi � E�- © John R. *off ayor to °A4T-I ' tr 0• oJit1C � E-+ CA � o tx1 , s o t-1 t - d E-, .w. o 0 •• r--r >-i ro CDCD e City Clerk CDs X • b' M CD C1 Hi H ti E-r E-+ txi >-r r-io OM 0 s txl co