HomeMy WebLinkAbout1981-490-10.05.1981 RESOLUTION NO. 1981-490
RESOLUTION APPROVING APPLICATION OF BETSY
KING FOR PROPERTY TAX EXEMPTION FOR
IMPROVEMENTS PERFORMED ON THE PROPERTY AT
814 ASH STREET WITHIN THE URBAN
REVITALIZATION DISTRICT.
WHEREAS, Betsy King has submitted an application dated
October 1 , 1981, 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 814
Ash Street, more fully described as follows :
Lot 9 and 10, Block 6, Rose Hill First
Addition, City of Waterloo, Black Hawk
County, Iowa.
and
WHEREAS, said property is located within the designated
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 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 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
C ill tr Q rz For the eighth year, thirty percent
m r=7 x m `� For the ninthyear, twenty pe
rcent
• t;, � � x �
o ° to CD For the tenth year, twenty percent
• D EH EH M N ¢
-, 1' II)IAi, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
4I,TY OP' WATERLOO, IOWA, that said application is hereby approved
and :the. City Clerk is hereby authorized and directed to forward
o application and a copy of this resolution to the Assessor by
• )44r 1 1982
of H Grassed and adopted this 5th day of October, 1981 .
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Ems-+ Leo P. Rooff, M
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ar y P urger, C ' y Clerk