HomeMy WebLinkAbout1999-559-08.16.1999 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 1999-559
RESOLUTION APPROVING APPLICATION WITH NILS
AND NICHELLEE WRIGHT FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $113 , 000 . 00 FOR
PROPERTY LOCATED AT 604 MAYWOOD AVENUE IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Nils and Nichellee Wright have submitted an
application dated August 16, 1999 to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemption on
improvements totaling $113 , 000 . 00 for property located at 604
Maywood Avenue, more fully described as follows :
Unplatted Waterloo East part of Section 29 Township 89
Range 12 commencing at a point 685 feet South and 50
feet East of the center point of Section and extending
south 280 feet parallel with the North and South center
line of Section 29 thence East 115 feet thence North
280 feet thence West 115 feet to point of beginning
except North 140 feet Section 29 Township 89 Range 12 ,
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. 1999-559
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, 2000 .
PASSED AND ADOPTED this 16t'' day of August, 1999 .
Harold Getty, Mayo Pro Tem
ATTEST:
Nancy Eck t, City Clerk