HomeMy WebLinkAbout1999-177-04.05.1999 •
This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 1999-177
RESOLUTION APPROVING APPLICATION OF JIM
NIENKARK FOR TAX EXEMPTIONS ON IMPROVEMENTS
IN THE AMOUNT OF $18, 000 . 00 FOR PROPERTY
LOCATED AT 1315 LEAVITT STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Jim Nienkark has submitted an application dated
April 5, 1999 to the City Council of the City of Waterloo, Iowa,
requesting to receive tax exemption on improvements in the amount
of $18, 000 . 00 for property located at 1315 Leavitt Street, more
fully described as follows :
Miller' s Fifth Addition, Lot 10, Block 1, 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%
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the 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, 2000 .
Resolution No. 1999-177
Page 2
PASSED AND ADOPTED this 5th day of April, 1999 .
i►�Gt
John R. 'o.ff, Mayor
ATTEST:
roe,„
Nancy Eck t, City Clerk