HomeMy WebLinkAbout2001-188-05.07.2001 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2001-188
RESOLUTION APPROVING APPLICATION WITH BERNARD
MCKINLEY JR. , FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $52, 000. 00 FOR PROPERTY
LOCATED AT 729 WEST 5TH 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 May 7, 2001 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemption on improvements totaling
$52, 000. 00 for property located at 729 West 5th Street, more fully
described as follows:
Does Addition the Southwest 37.25 feet Lot 6 Block 18,
and the Northwest 30 feet of the Southwest 37 .25 feet of
Lot 7 and Block 18, and that part of Lot 9, and Lot 8
and the South half of Lot 7 in Block No. 18 of Doe' s
Addition to the City of Waterloo, Iowa, lying North of
the following described line:
Commencing at the Westerly corner of said South half of
Lot 7; thence South 56°03' 27" West 16.26 feet along
Southwesterly line of Lot 7 to the point of beginning;
thence N 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 termination on the
Northeasterly line of said 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:
For the first year 800
For the second year 700
For the third year 600
For the fourth year 500
For the fifth year 400
Resolution No. 2001-188
Page 2
For the sixth year 400
For the seventh year 300
For the eighth year 300
For the ninth year 200
For the tenth year 200
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, 2002 .
PASSED AND ADOPTED this 7tn day of May, 2001 .
John . R ff, Mayor
ATTEST:
fd,u2„*
Nancy Ecker City Clerk