HomeMy WebLinkAbout1989-058-12.13.1989 RESOLUTION NO. 1989-58
RESOLUTION APPROVING APPLICATION OF FAMILY DOLLAR FOR
PROPERTY TAX EXEMPTION FOR IMPROVEMENTS PERFORMED ON THE
PROPERTY AT 1120 FRANKLIN STREET WITHIN THE FRANKLIN
URBAN REVITALIZATION AREA.
WHEREAS, Family Dollar 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 1120
Franklin Street, more fully described as follows:
Original Plat Waterloo East SE 1/2 Lots 2 and 3 , Block 44 ,
all Lots 1 and 4 , Block 44 NW 75 feet Lot 5 , Block 44 and NE
^ R 20 feet SE 75 feet Lot 5 , Block 44, all in the City of
r=, F Waterloo, Black Hawk County, Iowa;
and,
WHEREAS, said property is located within the designated
Franklin 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 Franklin 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 Franklin 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.
Bernard L. Mc inle
Mayor
ATTEST:
Michelle Temeyer, Deputy Cer /Auditor