HomeMy WebLinkAbout2015-168-3/9/2015 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-168
RESOLUTION APPROVING APPLICATION WITH CEDAR
VALLEY 4 RENT FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $200, 000 FOR PROPERTY LOCATED AT
4662 HOFF ROAD IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA) , IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Cedar Valley 4 Rent has submitted an application
dated February 27, 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 $200, 000 for
property located at 4662 Hoff Road, more fully described as
follows :
Parcel "M" of Plat of Survey Doc. #2014-19587 of part
of the Southeast Quarter of Section 7, Township 88
North, Range 13 West of the 5th P.M. , Black Hawk
County, Iowa
Subject to easements, restrictions, covenants,
ordinances and limited access provisions of record;
and,
WHEREAS, said property is located within the designated City
Limits Urban Revitalization Area (CLURA) 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 City Limits Urban
Revitalization Area (CLURA) 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 City Limits Urban
Revitalization Area (CLURA) 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:
For the first year 1000
For the second year 1000
For the third year 100%
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.
Ip
Resolution No. 2015-168
Page 2
PASSED AND ADOPTED this 9th day of March, 2015 .
C^G�Gu
est G. Clark, Mayor
ATTEST:
uzy S ares, CMC
City Cl rk