HomeMy WebLinkAbout2000-199-04.17.2000 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2000-199
RESOLUTION APPROVING APPLICATION WITH EDWARD
AND LINDA HELD FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $116, 694 . 00 FOR PROPERTY
LOCATED AT 1637 BUTLER AVENUE IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Edward and Linda Held have submitted an application
dated April 17, 2000 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemption on improvements totaling
$116, 694 . 00 for property located at 1637 Butler Avenue, more fully
described as follows :
Commencing at a point 357 . 6 feet North and 269 feet East
of the center of said section, thence East along a line
that is parallel with the East-West center line of said
section a distance of 219 feet, thence North along a
line that is parallel with North-South center line of
said section a distance of 286 feet, thence West along a
line that is parallel with East-West center line of said
section a distance of 219 feet, thence South to the
point of beginning, 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 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. 2000-199
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 17th day of April, 2000.
Joh ooff, Mayo
ATTEST:
Nancy Eck t, City Clerk