HomeMy WebLinkAbout1990-070-02.05.1990 t,1 li;
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E., 0 E`_' RESOLUTION NO. 1990-70
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Ei RESOLUTION APPROVING APPLICATION OF JOHN ROOFF, JR. FOR
PROPERTY TAX EXEMPTION FOR IMPROVEMENTS PERFORMED ON
THE PROPERTY AT 1905 COMMERCIAL STREET WITHIN THE BLACK
ti - HAWK STREET URBAN REVITALIZATION AREA.
WHEREAS, John Rooff, Jr. has 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
1905 Commercial Street, more fully described as follows:
Hays" Add Wloo Lot 6 Blk 13, 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
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 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.
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Robert J. Brown, Mayor Pro Tem
ATTEST:
La y . B ger, City erk/Auditor