HomeMy WebLinkAbout2013-282-4 /15/2013Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-282
RESOLUTION APPROVING APPLICATION WITH ANTHONY
GARCIA FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $133,000.00 FOR PROPERTY LOCATED AT
944 NEWTON STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA PLAN, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Anthony Garcia has submitted an application dated
February 28, 2013 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on improvements
totaling $133,000.00 for property located at 944 Newton Street,
more fully described as follows:
Tract 11 of Plat of Survey Doc. #2012-23387 being a
part of Lots 18 and 19, Block 14, and the South half of
the vacated alley adjacent thereto, Second Addition to
Grand View Place, Waterloo, 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
40%
For
the
sixth year
40%
For
the
seventh year
300
For
the
eighth year
30%
For
the
ninth year
200
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. 2013-282
Page 2
PASSED AND ADOPTED this 15th day of April, 2013.
"�r A�z
I�fnest G. Clark, -'Mayor
ATTEST:
uzy Sc ares, CMC
City C rk