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, iTIMRA4soriltion prepared by Nancy Eckert, City Clerk, 715 Mulberry
c xS'tfeet', 4W9.terloo, Iowa.
H x RESOLUTION NO. 2001-405
C) RESOLUTION APPROVING APPLICATION WITH TRAVIS
H " EH AND SISSY FEARS FOR TAX EXEMPTIONS ON
• tr s H IMPROVEMENTS TOTALING $82, 724 .40 FOR PROPERTY
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0 a3 trj tri LOCATED AT 141 SABRINA CIRCLE IN THE
a tr" ate, ,_, ? CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
+ C C (A x E" <41 IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
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. -TI EAS, Travis and Sissy Fears have submitted an application
''. t r2tzigust 6, 2001 to the City Council of the City of Waterloo,
Hrw questing to receive tax exemption on improvements totaling
,; 244, 0 for property located at 141 Sabrina Circle, more fully
fie'ggrib40 as follows:
N <z
Lots 28 and 29 in Aeostats, 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 1000
For the second year 100o
For the third year 1000
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 6th day of August, 2001 .
40111,
John R. •'.off, Mayor fa
ATTEST:
eakkA--t-
Nancy Eck e t, City Clerk