HomeMy WebLinkAbout2015-170-3/9/2015 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2015-170
RESOLUTION APPROVING APPLICATION WITH LAVERNE
LEHMAN FOR TAX EXEMPTIONS FOR THE
CONSTRUCTION OF A GARAGE ADDITION AND
FINISHED BASEMENT VALUED AT $52, 531 . 00 FOR
PROPERTY LOCATED AT 138 ST. CROIX DRIVE IN
THE CONSOLIDATED URBAN REVITALIZATION AREA
(LURA) , IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Laverne Lehman has submitted an application dated
February 7, 2015 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for the construction
of a garage addition and finished basement valued at $52, 531 . 00
for property located at 138 St. Croix Drive, more fully described
as follows:
Lots Nos . 34 and 35 in Northgate Addition, Waterloo,
Black Hawk County, Iowa;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area (CURA) 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 (CURA) 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 80%
For the second year 70%
For the third year 600
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 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. 2015-170
Page 2
PASSED AND ADOPTED this 9th day of March, 2015 .
Ernest G.v Clark, Mayor
ATTEST:
yS hares, CMC
City Jerk