HomeMy WebLinkAbout2001-011-01.08.2001 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2001-11
RESOLUTION APPROVING APPLICATION WITH JAMES C.
AND MARILYN R. GRANDON FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $16, 093. 00 FOR PROPERTY
LOCATED AT 306 BREES STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, James C. and Marilyn R. Grandon have submitted an
application dated January 8, 2001 to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemption on
improvements totaling $16, 093. 00 for property located at 306 Brees
Street, more fully described as follows:
Christie Addition Lot 24 Block 3 and South one-half of
20 feet East/West vacated alley in Block 3 adjacent to
Lot 24 Block 3 and that part of vacated Ashland Avenue
right-of-way as platted that lies 13 feet East of and
adjacent to Block 3 of said addition and North of the
North line of Brees Street and 15 feet South of the
South line of Thorson Avenue, 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 confoLmance 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%
Resolution No . 2001-11
Page 2
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, 2001 .
PASSED AND ADOPTED this 8th day of January, 2001 .
John yff, Mayor
ATTEST:
>e.--462.-<-/-
Nancy Eck t, City Clerk