HomeMy WebLinkAbout2012-687-07/09/2012e
Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-687
RESOLUTION APPROVING APPLICATION WITH TED
BARKER FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $190,000.00 FOR PROPERTY LOCATED AT
1907 BLACK HAWK STREET IN THE CONSOLIDATED
URBAN REVITALIZATION AREA PLAN, IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Ted Barker has submitted an application dated
July 3, 2012 to the City Council of the City of Waterloo, Iowa,
requesting to receive tax exemptions on improvements totaling
$190,000.00 for property located at 1907 Black Hawk Street, more
fully described as follows:
Parcel "J" of the Southeast Quarter of Section 25,
Township 89 North, Range 13 West of the 5th Principle
Meridian, in the City of Waterloo, Black Hawk County,
Iowa; and the Northwesterly 45.94 feet in the even
width as measured along the Northerly right-of-way line
of Black Hawk Street of Parcel "I" of the Southeast
Quarter of Section 25, Township 89 North, Range 13 West
of the 5th Principle Meridian, in the City of Waterloo,
Black Hawk County, Iowa as shown of Plat of Survey Doc.
#2011 17669;
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 10 -year
partial exemption schedule:
For
the
first
year
800
For
the
second
year
700
For
the
third
year
600
For
the
fourth
year
500
For
the
fifth
year
400
For
the
sixth
year
400
For
the
seventh
year
300
For
the
eighth
year
30o
For
the
ninth
year
200
For
the
tenth
year
200
Resolution No. 2012-687
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.
PASSED AND ADOPTED this 9th day of July, 2012.
/",y I V
Erne G. Clark, Mayor
ATTEST:
Suzy S ar s, CMC
City Clerk