HomeMy WebLinkAbout2010-129-2 /22/2010RESOLUTION NO. 2010-129
RESOLUTION APPROVING APPLICATION WITH JEFF
AND LORI SCOTT FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $15,583.00 FOR PROPERTY
LOCATED AT 1136 LEAVITT STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Jeff and Lori Scott have submitted an application
dated November 5, 2009 to the City Council of the City of
Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $15,583.00 for property located at 1136
Leavitt Street, more fully described as follows:
Leavitt Johnson and Miller Addition Lot 12 Block 18,
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-.
For
the
third year
600-.
For
the
fourth year
500-0
For
the
fifth year
40%
For
the
sixth year
400
For
the
seventh year
300
For
the
eighth year
300-6
For
the
ninth year
200-8
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 by
March 1, 2010.
Resolution No. 2010-129
Page 2
PASSED AND ADOPTED this 22nd day of February, 2010.
Ernest G. Clark, Mayor
ATTEST:
r
Suzy Sch res, CMC
City Clerk