HomeMy WebLinkAbout1990-068-02.05.1990 n 'El c
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/--j il Lil all I-1
r,' til RESOLUTION NO. 1990-68
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O 0E1 ;7.RESOLUTION APPROVING APPLICATION OF SWISHER AND COHRT
N N C
Eft7FOR PROPERTY TAX EXEMPTION FOR IMPROVEMENTS PERFORMED
o ON THE PROPERTY AT 528 WEST 4TH STREET WITHIN THE
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WASHINGTON URBAN REVITALIZATION DISTRICT.
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WHEREAS, Swisher and Cohrt have submitted an application
dated February 1, 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 528 West 4th Street, more fully described as follows:
Orig Plat Wloo West SE 120 Ft Lot 9 Blk 30 SE 120 Ft SW 20
Ft Lot 8 Blk 30, all in the City of Waterloo, Black Hawk
County, Iowa,
and,
WHEREAS, said property is located within the designated
Washington Urban Revitalization 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 Washington Urban Revitalization 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
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 City Clerk is hereby authorized and directed to
forward said application and a copy of this resolution to the
Assessor by February 15, 1990.
PASSED AND ADOPTED this 5th day of February, 1990.
/---i
Robert J. Brown, Mayor Pro Tem
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ATTEsT: ,
)Lar P. urger,x ity Clerk/Auditor