HomeMy WebLinkAbout1989-056-12.13.1989 t'
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01t RESOLUTION NO. 1989-56
< RESOLUTION APPROVING APPLICATION OF METRO TRANSMISSION &
o tL ^ AUTO REPAIR FOR PROPERTY TAX EXEMPTION FOR IMPROVEMENTS
t . PERFORMED ON THE PROPERTY AT 326 WEST 10TH STREET WITHIN
M pTHE WASHINGTON URBAN REVITALIZATION AREA.
WHEREAS, Metro Transmission & Auto Repair 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 326 West 10th Street, more fully described as follows:
Original Plat Waterloo West Lot 9 Block 44 Lot 10 Block 44 ,
all 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 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 .
- "4-5
Bernard L. Mc ley, Mayor
ATTEST:
/7 .
:
Michele Temeyer, Deputy Clerk/Auditor