HomeMy WebLinkAbout1990-089-02.05.1990 FCzF.; v� �Hy
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o otiF RESOLUTION NO. 1990-89
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i H RESOLUTION APPROVING APPLICATION OF LIFE INVESTORS/
o . `-'MILLER V. G. AND ASSOCIATES FOR PROPERTY TAX EXEMPTION
_ FOR IMPROVEMENTS PERFORMED ON THE PROPERTY AT 525 WEST
`- H �-FIFTH STREET WITHIN THE WASHINGTON URBAN REVITALIZATION
• J1"tj AREA, CITY OF WATERLOO, IOWA.
WHEREAS, Life Investors/Miller V. G. and Associates 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 525 West Fifth Street, more fully
described as follows:
Original Plat Waterloo West SW 100 ft Lot 6 Bik 55, 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, 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, 1990.
PASSED AND ADOPTED this 12th day of February, 1990.
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Bernard L. Mckinley, Mayor/-
ATTEST:
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Michele fiemeyer, Deputy ity Clerk/Auditor