HomeMy WebLinkAbout2012-960-10/01/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-960
RESOLUTION APPROVING APPLICATION WITH DOUGLAS
AND ELLYNE GRAY FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $10,267.00 FOR PROPERTY
LOCATED AT 1028 WESTERN AVENUE IN THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Douglas and Ellyne Gray have submitted an
application dated March 19, 2012 to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $10,267.00 for property located at 1028
Western Avenue, more fully described as follows:
Auditors Plat No. 6 Waterloo, Easterly 130.65 feet of
30 foot wide public right-of-way of Forest Avenue lying
Northerly of and adjacent to Lot 1 of Auditors Plat No.
6, 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 10 -year
partial exemption schedule:
For
the
first
year
800
For
the
second
year
700
For
the
third
year
60%
For
the
fourth
year
50%
For
the
fifth
year
400
For
the
sixth
year
40%
For
the
seventh
year
30%
For
the
eighth
year
30%
For
the
ninth
year
20%
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.
Resolution No. 2012-960
Page 2
PASSED AND ADOPTED this 1St day of October, 2012.
-r 2-a
Ernest G. Clark, Mayor
ATTEST:
�S-�Zyy Schar s, CMC
City Clerk