HomeMy WebLinkAbout1990-088-02.05.1990 U' tOHNC)
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ro ro H h, x H RESOLUTION NO. 1990-88
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hi hi n Lj > RESOLUTION APPROVING APPLICATION OF BRIDGESTONE/
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HE, ,,H FIRESTONE FOR PROPERTY TAX EXEMPTION FOR IMPROVEMENTS
2 0 oPERFORMED ON THE PROPERTY AT 517 WEST 4TH STREET WITHIN
r -THE WASHINGTON URBAN REVITALIZATION AREA CITY OF
o y x 1ATERLOO, IOWA.
WHEREAS, Bridgestone/Firestone has submitted an application
dated February 8, 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 517 West 4th Street, more fully described as follows:
Orig Plat Wloo West Lot 6 Blk 31 Lot 7 Blk 31 Lot 8 Blk 31
NW 20 Ft Lot 9 Blk 31, 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 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 Deputy 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 12th day of February, 1990.
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r 1. -c, 'w 1---:.,,_!.t'.{'r a /,/: , -) >,
Bernard L. McRnley, M'/j'yor fp
ATTEST:
Mic e ~he Temeyer, Deputy C ty Clerk/Auditor