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HomeMy WebLinkAbout2012-881-09/04/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703. RESOLUTION NO. 2012-881 RESOLUTION APPROVING APPLICATION WITH MARILYN ORTH FOR TAX EXEMPTIONS ON IMPROVEMENTS TOTALING $55,648.00 FOR PROPERTY LOCATED AT 35-37 FLETCHER AVENUE IN THE CONSOLIDATED URBAN REVITALIZATION AREA, IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. WHEREAS, Marilyn Orth has submitted an application dated January 27, 2012 to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on improvements totaling $55,648.00 for property located at 35-37 Fletcher Avenue, more fully described as follows: Lots Nos. Three (3), Four (4), Five (5), Six (6) and Seven (7), in Block No. Twenty-six (26), in "Westfield" in Waterloo, Iowa, except that part of Lots 3, 6 & 7 deeded to City of Waterloo in 619 CLD 788, and except that part of Lot 7 deeded to State of Iowa in 619 CLD 785. AND A parcel of land located in part of Lot 2, Block 26, Westfield Addition, City of Waterloo, Iowa, and in part of the NW 1/4 SE 1/4, Section 22, T89N, R13W of the 5th P.M., Black Hawk County, Iowa, described as follows: Commencing at the SW Corner of Lot 3 of said Block 26; thence N000151,�'E, 156.0 ft. along the west line of said Lot 3 and the east line of Cleveland Ave. to the SW Corner of said Lot 2; thence S880571­�'E, 16.1 ft. along the south line of said Lot 2 to the Point of Beginning; thence continuing along said line S880571-�'E, 158.2 ft.; thence northwesterly 115.5 ft. along a 3866.7 ft. radius curve, concave northeasterly, having a chord bearing N50°021--f'W, 115.5 ft; thence S44020W, 99.6 ft. to the Point of Beginning; containing 5,702 sq. ft. more or less; 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: Resolution No. 2012-881 Page 2 For the first year 1000 For the second year 1000 For the third year 1000 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 4th day of September, 2012. Ernest G. Clark, Mayor ATTEST: Suzy Schres, CMC City Cle k