HomeMy WebLinkAbout1989-020-01.16.1989 tri 7 55
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U; t; RESOLUTION NO. 19 8 9-2 0
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P _ > RESOLUTION APPROVING APPLICATION OF SUPERIOR WELDING FOR
PROPERTY TAX EXEMPTION FOR IMPROVEMENTS PERFORMED ON THE
PROPERTY AT 900-920 COMMERCIAL STREET IN THE WASHINGTON
URBAN REVITALIZATION AREA (WURA) PLAN.
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t WHEREAS, Superior Welding has submitted an application dated
'December 27 , 1988 , to the City Council of the City of Waterloo,
Iowa, requesting to receive an exemption from taxation of the
` actual value added by improvements to the property located at
900-920 Commercial Street, more fully described as follows:
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The Original Plat of Waterloo West, Lots 2 , 3 , 4 and 5 in
Block 38 , in the City of Waterloo, Black Hawk County, Iowa;
and,
WHEREAS, said property is located within the designated
Washington 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 Washington Urban Revitalization Area Plan
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 Washington Urban Revitalization Area
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, one hundred percent
For the second year, one hundred percent
For the third year, one hundred percent
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the 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 , 1989 .
PASSED AND ADOPTED this 16th day of January, 1989.
Bernard L. McKinley, Mayfly
ATTEST:
Larry P. rger, Ci . Clerk/Auditor