HomeMy WebLinkAbout1982-053-02.01.1982 RESOLUTION NO. 1982-53
RESOLUTION APPROVING THE APPLICATION OF
DEERE & COMPANY FOR PROPERTY TAX EXEMPTION
FOR IMPROVEMENTS PERFORMED ON INDUSTRIAL
PROPERTY LOCATED AT 400 WESTFIELD AVENUE
WITHIN THE CITY OF WATERLOO , IOWA.
WHEREAS , Deere & Company has submitted application dated
January 25 , 1982 , to the City Council of the City of Waterloo ,
Iowa , requesting to receive exemption from taxation on the actual
value added by improvements to industrial property located at 400
Westfield Avenue.
WHEREAS , said property is located within the Corporate
Limits of the City of Waterloo, Iowa ; and,
WHEREAS , the improvement project respecting said property
are in conformance with the Industrial Property Tax Abatement
Ordinance as officially adopted by the City Council of 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 Industrial Tax Abatement Ordinance
as adopted by the City Council of the City of Waterloo, Iowa , and
as set forth in the Code of Ordinances , City of Waterloo , Iowa , 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 - Seventy-Five Percent ( 75%)
For the Second Year - Sixty Percent ( 60%)
For the Third Year - Forty-Five Percent (45%)
For the Fourth Year - Thirty Percent ( 30%)
For the Fifth Year - Fifteen percent ( 15%)
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 by
February 1 , 1982.
Passed and adopted this 1st day of February , 1982.
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