HomeMy WebLinkAbout1981-647-12.28.1981 RESOLUTION NO. 1981-647
RESOLUTION APPROVING THE APPLICATION OF
JOHN DEERE TRACTOR WORKS FOR PROPERTY TAX
EXEMPTION FOR IMPROVEMENTS PERFORMED ON
THE INDUSTRIAL PROPERTY LOCATED AT 3500
E. DONALD STREET WITHIN THE CITY OF
WATERLOO, IOWA.
WHEREAS , John Deere Tractor Works has submitted
an
application dated December 18,
application
of Waterloo, 1981 , to the City Council
City
on the actualIowa ,v requesting
byy xemp of the to receive an exemption from
industrial property located at 3500 improvementsnte to the
E. Donald Street ; and,
WHEREAS, said property
Limits f the Cityspro ert is located within the
of Waterloo, Iowa ; and Corporate
WHEREAS, the improvement '
in conformance with the IndustrialJPro respecting
Ordinance as officially said property is
adoptedProperty Tax Abatement
Waterloo, Iowa ; and, by the City Council of the City of
WHEREAS, the improvements on said
the time in which such improvements are eligible
exemption as set forth in the Industrial Tax Abatement were made during
s adopted byfor the tax
as setd tedtithehCitydCouncil ofa the nce Cityaterloo Ordinance
adopted by of Waterloo,rl Iowa,I and
the legislature of the State oftIowa y of Waterloo, Iowa ,thes
Governor of the State of Iowa ; and ,
and signed by
WHEREAS, said applicant is requesting the following
exemption schedule :
For the First Year - Seventy-Five Percent (75%)
For the Second Year - Sixty Percent (60%)
For the Third Year - Forty-Five Percent
For the Fourth Year - Thirty Percent (30%�5%)
For the Fifth Year - Fifteen Percent ( 15%)THEREFORE, BE IT RESOLVED BY THE
CITY OF WATERLOO, IOWA, CITY COUNCIL OF THE
and the Deputy City CA, has saidapplication is hereby
forward said hereby authorized and directed
Assessor applicationa and a copy of this resolution to the
by February 1 , 1982.
Passed and adopted this 28th day of December, 1981 .
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Leo P. Rooff, Ma ...
ATTEST . rT, yore
ij
o -Mich ale Deputy eputy City Y erk
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