HomeMy WebLinkAbout1989-055-12.13.1989 tI7! tl tN CC
ti t r sx __.
n_
H H H
H RESOLUTION NO. 1989-55
RESOLUTION APPROVING APPLICATION OF CHUCK HEENE FOR
G PROPERTY TAX EXEMPTION FOR IMPROVEMENTS PERFORMED ON THE
PROPERTY AT 1608 JEFFERSON STREET WITHIN THE BLACK HAWK
;" STREET URBAN REVITALIZATION AREA.
c,
WHEREAS, Chuck Heene has submitted an application dated
February 9, 1989 , 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 1608
Jefferson Street, more fully described as follows :
Lot 4 , Block 1 , Hayes Addition, all in the City of Waterloo,
Black Hawk County, Iowa;
and,
WHEREAS, said property is located within the designated Black
Hawk Street 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 Black Hawk Street 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 Black Hawk Street 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, eighty percent
For the second year, seventy percent
For the third year, sixty percent
For the fourth year, fifty percent
For the fifth year, forty percent
For the sixth year, forty percent
For the seventh year, thirty percent
For the eighth year, thirty percent
For the ninth year, twenty percent
For the tenth year, twenty 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 Deputy City Clerk is hereby authorized and
directed to forward said application and a copy of this resolution
to the Assessor by February 15 , 1989 .
PASSED AND ADOPTED this 13th day of February, 1989 .
Bernard L. McKinle Mayor
Y,
ATTEST:
I
Michelle Temeyer, Deputy Clerk/Auditor