HomeMy WebLinkAbout1999-377-06.07.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 1999-377
RESOLUTION APPROVING APPLICATION OF BILL AND
LOUISE SHUBERT FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING APPROXIMATELY
$45, 000 . 00 FOR PROPERTY LOCATED AT 1225
MULBERRY STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA PLAN, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Bill and Louise Shubert has submitted an application
dated June 7, 1999 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemption on improvements totaling
approximately $45, 000 . 00 for property located at 1225 Mulberry
Street, more fully described as follows :
Original Plat Waterloo East, Northwest 35 feet,
Southeast 70 feet, Southwest 20 feet Lot 8, Block 45
Northwest 35 feet, Southeast 70 feet Lot 9, Block 45,
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. 1999-377
Page 2
PASSED AND ADOPTED this 7tn day of June, 1999 .
API. A . ,
John R.off, Mayor , ,
ATTEST:
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Nancy Ecker , City Clerk