HomeMy WebLinkAbout2010-126-2 /22/2010RESOLUTION NO. 2010-126
RESOLUTION APPROVING APPLICATION WITH DAVID
LEDERMAN FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $550,000.00 FOR PROPERTY LOCATED AT
3821 UNIVERSITY AVENUE IN THE CONSOLIDATED
URBAN REVITALIZATION AREA PLAN, IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, David Lederman has submitted an application dated
November 24, 2009 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on improvements
totaling $550,000.00 for property located at 3821 University
Avenue, more fully described as follows:
Cedarloo Park all Lot W-13 except South 5 feet and
except highway, Cedarloo Park South 5 feet Lot W-13 Lot
W-14 Lot W-15, 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
800
For
the
second year
700-o
For
the
third year
600
For
the
fourth year
500-.
For
the
fifth year
400-8
For
the
sixth year
400
For
the
seventh year
300-6
For
the
eighth year
3001
For
the
ninth year
200
For
the
tenth year
200-6
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, 2010.
Resolution No. 2010-126
Page 2
PASSED AND ADOPTED this 22nd day of February, 2010.
Ernest G. Clark, Mayor
ATTEST:
Suzy Scha es, CMC
City Cler