HomeMy WebLinkAbout2010-0992-11/08/2010RESOLUTION NO. 2010-992
RESOLUTION APPROVING APPLICATION OF LORRIE
ROUSE FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $35,000.00 FOR PROPERTY LOCATED AT
123 CHICAGO STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA, IN THE CITY OF WATERLOO,
BLACK HAWK COUNTY, IOWA.
WHEREAS, Lorrie Rouse has submitted an application dated
October 26, 2010 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on improvements
totaling $35,000.00 for property located at 123 Chicago Street,
more fully described as follows:
Prospect Heights Addition Lot 6 Block 3, all in the
City of Waterloo, Black Hawk County, Iowa;
and,
WHEREAS, said property is located within the designated
Consolidated 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 Consolidated Urban Revitalization Plan as
officially adopted by the City Council for 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 Consolidated 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 three-
year exemption schedule:
For the first year 100%
For the second year 1000
For the third year 100%
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that said application is hereby approved
and the City Clerk is hereby authorized and directed to forward
said application and a copy of this resolution to the Assessor by
March 1, 2011.
PASSED AND ADOPTED this 8th day of November, 2010.
Quentin Hart,arL
rMayor Pro Tem
ATTEST:
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Suzy Sc ares, CMC
City Clerk