HomeMy WebLinkAbout2015-171-3/9/2015 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2015-171
RESOLUTION APPROVING APPLICATION WITH CHRIS
DAVIS FOR TAX EXEMPTIONS FOR THE CONSTRUCTION
OF A NEW SINGLE FAMILY HOME VALUED AT
$130, 000 . 00 FOR PROPERTY LOCATED AT 847 KERN
STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (LURA) , IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Chris Davis has submitted an application dated
February 17, 2015 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for the construction
of a new single family home valued at $130, 000 . 00 for property
located at 847 Kern Street, more fully described as follows :
First Addition to Grand View Place Lot 3 Block 11,
Waterloo, Black Hawk County, Iowa;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area (CUBA) in Waterloo, Iowa,
as previously established by the City Council of the City of
Waterloo, Iowa, and
WHEREAS, the new construction project respecting said
property is in conformance with the Consolidated Urban
Revitalization Area (LURA) Plan as officially adopted by the City
Council for the City of Waterloo, Iowa, and
WHEREAS, the new construction on said property was made
during the time in which such improvements are eligible for the
tax exemption as set forth in the Consolidated Urban
Revitalization Area (CURA) 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 50o
For the fifth year 40o
For the sixth year 400
For the seventh year 30o
For the eighth year 300
For the ninth year 200
For the tenth year 200
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.
f
s
Resolution No. 2015-171
Page 2
PASSED AND ADOPTED this 9th day f March, 2015 .
Ernest G. Clark, Mayor
ATTEST:
' l
uzy Shares, CMC
City Clerk