HomeMy WebLinkAbout2010-1050-11/22/2010RESOLUTION NO. 2010-1050
RESOLUTION AUTHORIZING CERTIFICATION TO THE
COUNTY AUDITOR THE CITY'S EXPENDITURES THAT
QUALIFY FOR REIMBURSEMENT FROM THE TAX
INCREMENT FUND IN THE CATTLE CONGRESS TAX
INCREMENT DISTRICT.
WHEREAS, the Code of Iowa allows the City to collect taxes
within a certain geographical district to be deposited in a "Tax
Increment Financing Fund", and
WHEREAS, certification of the City's expenditures within
said district must be made to the County Auditor on a yearly
basis.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the City Clerk be instructed to
certify to the County Auditor all expenditures of the City that
qualify for reimbursement from the Tax Increment Fund in the
Cattle Congress Tax Increment District, as indicated in attached
Exhibit "A" and Exhibit "B", be and the same are hereby approved.
PASSED AND ADOPTED this 22nd day of November, 2010.
Ernest G. Clark, Mayor
ATTEST:
Suzy Sc ares, CMC
City Clerk