HomeMy WebLinkAbout2010-1115-12/20/2010RESOLUTION NO. 2010-1115
RESOLUTION APPROVING APPLICATION WITH IOWA
HEARTLAND HABITAT FOR HUMANITY FOR TAX
EXEMPTIONS ON IMPROVEMENTS TOTALING
$126,116.00 FOR PROPERTY LOCATED AT 925
MIDLAND STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA, IN THE CITY OF WATERLOO,
BLACK HAWK COUNTY, IOWA.
WHEREAS, Iowa Heartland Habitat for Humanity has submitted
an application dated December 13, 2010 to the City Council of the
City of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $126,116.00 for property located at 925
Midland Street, more fully described as follows:
Replat West '� Cushman Heights East 90 feet Lot 1 Block
2 all Lot 8 Block 2 except East 146 feet, 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 three-
year exemption schedule:
For the first year 1000
For the second year 100%
For the third year 1000
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
March 1, 2011.
PASSED AND ADOPTED this 20th day of December, 2010.
c---,
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Quentin Hart, Mayor Pro Tem
ATTEST:
Suzy Sc ares, CMC
City Clerk