HomeMy WebLinkAbout2011-98-2 /14/2011RESOLUTION NO. 2011-98
RESOLUTION APPROVING APPLICATION WITH JERRY
GRIER FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $180,000.00 FOR PROPERTY LOCATED AT
23 LAFAYETTE STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA, IN THE CITY OF WATERLOO,
BLACK HAWK COUNTY, IOWA.
WHEREAS, Jerry Grier 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 $180,000.00 for property located at 23 Lafayette Street,
more fully described as follows:
Auditor Bayou Plat part of Lots 14, 15 & 16 described
as beginning at the intersection of the Northwesterly
line of Utica Street with the Northeasterly line of
Lafayette Street, thence North 58 Degrees 00 Minutes
West along the Northeasterly line of Lafayette Street
247.65 feet, thence North 31 Degrees 40 Minutes East
74.64 feet, thence South 58 Degrees 20 Minutes East
237.80 feet to the Northwest line of Utica Street,
thence Southwesterly along the Northwesterly line of
Utica Street on a curve concave Southeasterly chord
distance 76.72 feet and chord bearing South 24 Degrees
19 Minutes 30 Seconds West to point of beginning, 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
70%
For
the
third year
600
For
the
fourth year
50%
For
the
fifth year
400
For
the
sixth year
400
For
the
seventh year
30%
For
the
eighth year
30%
For
the
ninth year
20%
For
the
tenth year
20%
Resolution No. 2011-98
Page 2
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 14th day of February, 2011.
Quentin Hart, Mayor Pro Tem
ATTEST:
uzy Sc ares, CMC
City Clerk