HomeMy WebLinkAbout1990-66612.10.1990 tri 0 Gi
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CI) (13 <1 CI) RESOLUTION NO. 1990-666
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RESOLUTION APPROVING APPLICATION OF HARVEY R. BAUMAN
H /-1 , FOR PROPERTY TAX EXEMPTION FOR IMPROVEMENTS PERFORMED
ON THE PROPERTY AT 1608 JEFFERSON STREET WITHIN THE
L BLACK HAWK STREET URBAN REVITALIZATION AREA PLAN
O <
r DISTRICT.
- WHEREAS, Harvey R. Bauman has submitted an application dated
November 28, 1990, 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:
Anthony Bakers Addition Waterloo NW 1/2 and SE 30 Ft. of Lot
9 Blk- 61, all in the City of Waterloo, Black Hawk County,
Iowa,
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and, n
WHEREAS, said property is located within the designated
Black Hawk Street Urban Revitalization Area Plan District 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 District 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 District 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 City Clerk is hereby authorized and directed to
forward said application and a copy of this resolution to the
Assessor by February 15, 1991.
PASSED AND ADOPTED this 10th day of December, 1990.
Bernard L.
V1/1/
M May
ATTEST:
dr P --Burger, ity Clerk/Auditor