HomeMy WebLinkAbout2012-349-04/23/20112Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-349
RESOLUTION APPROVING APPLICATION WITH IOWA
HEARTLAND HABITAT FOR HUMANITY FOR TAX
EXEMPTIONS ON IMPROVEMENTS TOTALING
$85,000.00 FOR PROPERTY LOCATED AT 306 ONEIDA
STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA PLAN, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Iowa Heartland Habitat for Humanity has submitted
an application dated April 6, 2012 to the City Council of the
City of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $85,000.00 for property located at 306
Oneida Street, more fully described as follows:
Lots 5 and 6 in Block 7 in Howrey & McWilliams Addition
to the City of Waterloo, 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 10-year
partial exemption schedule:
For the first year 800
For the second year 700
For the third year 600
For the fourth year 500
For the fifth year 400
For the sixth year 400
For the seventh year 300
For the eighth year 300
For the ninth year 200
For the tenth year 200
NOW, THEREFORE, BE IT RESOLVED BY THE CITY 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.
Resolution No. 2012-349
Page 2
PASSED AND ADOPTED this 23rd day of April, 2012.
Ernest G. Clark, Mayor
ATTEST:
Suzy Schares, CMC
City Clerk