HomeMy WebLinkAbout2000-528-09.25.2000 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2000-528
RESOLUTION APPROVING APPLICATION WITH ALLEN
SHINSTINE FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $9, 504 . 00 FOR PROPERTY LOCATED AT
1704 BURTON AVENUE IN THE CONSOLIDATED URBAN
REVITALIZATION AREA PLAN, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Allen Shinstine has submitted an application dated
September 25, 2000 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemption on improvements totaling
$9, 504 . 00 for property located at 1704 Burton Avenue, more fully
described as follows:
Unplatted Waterloo East commencing at point 684 . 5 feet
North of Southwest corner Southwest Northwest Section 14
Township 89 Range 13 thence East 669.7 feet to Illinois
Central right-of-way thence Northwest to point 68 .2 feet
due North of first described line thence West to West
line Southwest Northwest Section 14 Township 89 Range 13
thence South 68 .2 feet to beginning except streets and
except Waterloo Cedar Falls and Northern Railroad, 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. 2000-528
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 25th day of September, 2000.
John R. oo ffr Mayor
ATTEST:
Nancy Ecke , City Clerk