HomeMy WebLinkAbout2001-575-10.08.2001 This Resolution prepared by Nancy Eckert, City Clerk, 715
Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2001-575
RESOLUTION APPROVING APPLICATION WITH AUDREY
GREEN FOR TAX EXEMPTIONS ON
IMPROVEMENTS
TOTALING $132, 000. 00 FOR PROPERTY LOCA E AT
158 ST. CROIX DRIVE IN THE CONSOLIDATED URBAN
REVITALIZATION AREA PLAN,
WATERLOO, BLACK HAWK COUNTY, IOWA THE CITY OF
WHEREAS, Audrey Green has October 8, 2001 to the City Council uof1thedC t application
requesting to receive dated
$132, 000. 00euig for tax exemption onY of Waterloo, Iowa,
property located at 158Croix improvements
totaling
fully described as follows: St. Croix Drive,
more
Lots 20 and 21 of Northgate Addition, all in the Cit of
Waterloo, Black Hawk County, Iowa; Y
and,
WHEREAS, said pro art
Consolidated p y is located within the designated
Urban Revitalization Area in
CityWaterloo, Iowa, of
previously established by the Council of the City of
Waterloo, Iowa,
and,
WHEREAS, the improvement in conformance with the Consolidated Urbanrespectingofficiallyg said property is
adopted by the City Council for the Cityof Waterloo,Plan as and
WHEREAS, the improvements on said
ng
the time in which such improvements are party were forde the tax
exemption as set forth in the Consolidated Urban Revitalization
eligible tax
Plan as adopted by the City
and as set forth in the Urbanouncil Revitalization Actof asWtro ,by the
Legislature of the State of Iowa and signed byadopted
State of Iowa, and the Governor of the
schedule WHEREAS, said applicant is requesting the following exemption
For the first year
For the second year 80%
For the third year 70%
For the fourth year 60%
For the fifth year 50%
For the sixth year 40s
For the seventh year 400
For the eighth year 30%
For the ninth year 30
For the tenth year 20%
200
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF COUNCIL OF
CITY OF WATERLOO, IOWA, that said
and the Cityapplication is approvedTHE
Clerk is hereby authorized and directed hereby to forward
said application and a copy of this resolution to the Assessor by
February i, 2002.
4 -
*.c14.filoo-n No. 2001-575
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PASSED AND ADOPTED this 8th day of October, 2001 .
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o-t rri John R o f, Mayor
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c-,-. Nancy, Eck , City Clerk
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