HomeMy WebLinkAbout2011-071-02/07/2011RESOLUTION NO. 2011-71
RESOLUTION APPROVING APPLICATION WITH
M.E.N.D. LLC FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $136,532.00 FOR
PROPERTY LOCATED AT 916 BISHOP AVENUE IN THE
CONSOLIDATED URBAN REVITALIZATION AREA, IN
THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, M.E.N.D. LLC has submitted an application dated
January 27, 2011 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on improvements
totaling $136,532.00 for property located at 916 Bishop Avenue,
more fully described as follows:
Scotch Grove Addition Lot 4, 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 100%
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 7th day of February, 2011.
o
uentin Hart Mayor o y o Pr Tem
ATTEST:
r
Suzy S -ares, CMC
City Clerk