HomeMy WebLinkAbout1999-433-06.28.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 1999-433
RESOLUTION APPROVING APPLICATION WITH RONALD
AALDERKS FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING APPROXIMATELY $18, 000 . 00 FOR
PROPERTY LOCATED AT 620 WEST PARKER STREET IN
THE CONSOLIDATED URBAN REVITALIZATION AREA
PLAN, IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Ronald Aalderks has submitted an application dated
June 28, 1999 to the City Council of the City of Waterloo, Iowa,
requesting to receive tax exemption on improvements totaling
approximately $18, 000 . 00 for property located at 620 West Parker
Street, more fully described as follows :
A part of the Northeast Quarter of the Southwest
Quarter of Section No. Fourteen (14) , Township No.
Eighty-nine (89) North, Range No. Thirteen (13) West of
the Fifth (5t'') Principal Meridian, in the City of
Waterloo, Black Hawk County, Iowa, described as
follows :
Commencing at the Southwest corner of Lot No. One (1)
in Wilson Addition to Waterloo, Iowa; thence West along
the North line of Parker Street a distance of Sixty-
five (65) feet; thence North along a line which is
parallel with the West line of said Wilson Addition a
distance of One Hundred Forty (140) feet; thence West
along a line which is parallel with the North line of
said Parker Street a distance of Nine (9) feet; thence
North along a line which is parallel with the West line
of said Wilson Addition a distance of One Hundred
Fourteen and Fifteen Hundredths (114 . 15) feet; thence
Southeasterly a distance of Eighty and Thirteen
Hundredths (80 . 13) feet to the West line of said Lot
No. One (1) in said Wilson Addition; thence South along
the West line of said Lot No. One (1) in said Wilson
Addition Two Hundred Twenty-two and Four Tenths (222 .4)
feet to the place 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
Resolution No. 1999-433
Page 2
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 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 .
PASSED AND ADOPTED this 28th day of June, 1999 .
C
Joh oo f, May
ATTEST:
Nancy Ecke , City Clerk