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HomeMy WebLinkAbout2003-709-10.20.2003 • This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry Street, Waterloo, Iowa. RESOLUTION NO. 2003-709 RESOLUTION APPROVING APPLICATION WITH MARK BECKER FOR TAX EXEMPTIONS ON IMPROVEMENTS TOTALING $2, 800. 00 FOR PROPERTY LOCATED AT 518 DUNDEE AVENUE IN THE CONSOLIDATED URBAN REVITALIZATION AREA PLAN, IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. WHEREAS, Mark Becker has submitted an application dated October 20, 2003, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on improvements totaling $2, 800.00 for property located at 518 Dundee Avenue, more fully described as follows: First Addition to Galloway Lot 70, 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 Lhe firsL year 80% For the second year 70% �n� For the third year 60o rn For Lhe fourLh year 50n 15 For the fifth year 40% For the sixth year 40% For Lhe sevenLh year 30% For the eighth year 30% F0L the ninth year nn' G L1 0 For Lhe LonLh year GuS NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF COUNCIL OF THE CITY OF WATERLOO, IOWA, LhaL said application is hereby approved and the City Clerk is hereby authorized and directed to forward _i . t this -f__.L_' 1L T i.._. said applications 4,i d a copy o1 this resolution to L11e Assessor by February 1, 2004 . g:':= ' NO. 2003-709 t 0 til Pip E, c z•gE AND ADOPTED this 20th day of October, 2003. E © � Hb � s eci o• rn m fv- m Jo doff, Ma tr X tr; U Col 3nppourtiti , w © cE-1 a yi > r , City Clerk 1-1 1-11-4 s �