HomeMy WebLinkAbout2010-823-9 /13/2010RESOLUTION NO. 2010-823
RESOLUTION APPROVING APPLICATION WITH CAMMIE
SCULLY FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $55,000.00 FOR PROPERTY LOCATED AT
605 RIVERSIDE DRIVE IN THE CONSOLIDATED URBAN
REVITALIZATION AREA, IN THE CITY OF WATERLOO,
BLACK HAWK COUNTY, IOWA.
WHEREAS, Cammie Scully has submitted an application dated
September 7, 2010 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on improvements
totaling $55,000.00 for property located at 605 Riverside Drive,
more fully described as follows:
Cedar River Park Lot 3 Block 5 and strip of equal width
extending to river, 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 ten-year
partial exemption schedule:
For
the
first year
80%
For
the
second year
700
For
the
third year
600
For
the
fourth year
500
For
the
fifth year
400
For
the
sixth year
40%
For
the
seventh year
30%
For
the
eighth year
30%
For
the
ninth year
200
For
the
tenth year
20%
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.
Resolution No. 2010-823
Page 2
PASSED AND ADOPTED this 13th day of September, 2010.
Quentin Hart, Mayor Pro Tem
ATTEST:
i
Suzy Sc ares, CMC
City Clerk