HomeMy WebLinkAbout2002-088-02.18.2002 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2002-88
RESOLUTION APPROVING APPLICATION WITH BERNARD
MCKINLEY JR. FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $8, 950. 00 FOR PROPERTY
GENERALLY LOCATED NEAR THE CURVE WHERE WEST
5TH STREET CHANGES TO WEST 6TH STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Bernard McKinley Jr. has submitted an application
dated February 18, 2002 to the City Council of the City of
Waterloo, Iowa, requesting to receive tax exemption on
improvements totaling $8, 950.00 for property generally located
near the curve where West 5th Street changes to West 6 h Street,
more fully described as follows:
Does Addition that part of Lot 9, Lot 8 and the South
of Lot 7 Block 18 lying North of the following described
line:
Commencing at the Westerly corner of said South of Lot
7 thence South 56°03' 27" East 16.26 feet along
Southwesterly line of Lot 7 to the point of beginning
thence North 78°46' 59" East 58 . 66 feet thence
Northeasterly 126. 19 feet along a 532. 96 foot radius
curve concave Northerly the long chord of which bears
North 71°59' 59" East 125. 90 feet to the point of
teLinination on the Northeasterly line of Lot 9, 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:
. ...
,Tho :egxseol:Fir.Otrih :1.1in2t0h02y-e8a8r
c ....-N. - Cr', uiz r:=1, t----, 1,1
tr4 trj txl r-,
- )--J- r '1‹
H E--, '1 0
t-,-.1
,1--
`,11 t..L4 1,--i Lil S -
'
r the first year 80%
,. ,.._
‘.) For the second year 70%
t- > E- -For the third year 60%
}-i
0.,.., r:;.:': Pt :. F )
Or the fourth year 50%
— cp • 'For--the 'fifth year 40%
i•--J (.., 1-1
--Fort7the sixth year .
400
• tri t; ', Fr the ,seventh year 30%
1-.
411or the eighth eighth year 30%
C
20%
x, - -
(A C:1 Q, ,..For-..ethe tenth year 20%
-,0 o >c c)
-,c '-' ..' .NOY. THEREFORE, BE IT RESOLVED BY THE CITY OF COUNCIL OF THE
CIY T Ot' 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, 2003.
crl
PASSED AND ADOPTED this 18th day of February, 2002.
Joh R. Ro ff, Mayo
ATTEST:
A/beri,t_ci. ch..,.±-
Nancy EckeC, ity Clerk