HomeMy WebLinkAbout2003-555-08.18.2003 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2003-555
RESOLUTION APPROVING APPLICATION WITH MIAN
NISAR ARMED FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $75, 000. 00 FOR PROPERTY
LOCATED AT 802 GRANT AVENUE IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Mian Nisar Ahmed has submitted an application dated
August 18, 2003, to the City Council of the City of Waterloo,
Iowa requesting to receive tax exemptions on improvements
totaling $75, 000. 00 for property located at 802 Grant Avenue,
more fully described as follows:
Johnson' s Addition part of Lots 14 and 15 Block 5
commencing at Northeasterly corner Lot 15 thence
Southwesterly on Northwesterly Line 74 feet thence
Southeasterly parallel with Northeasterly Line 55 feet
thence Northeasterly parallel with Northwesterly line
Lot 15 to Northeasterly line Lot 14 thence
Northwesterly 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 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 .
A i4ri, No. 2003-555
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oai AND ADOPTED this 18th day of August, 2003.
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