HomeMy WebLinkAbout2015-079-2/2/2015 3
Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2015-79
RESOLUTION APPROVING APPLICATION WITH SIDIK
DAUTOVIC FOR TAX EXEMPTIONS FOR THE
CONSTRUCTION OF AN ADDITION TO A SINGLE
FAMILY HOME VALUED AT $38, 000 . 00 FOR PROPERTY
LOCATED AT 1856 FOREST AVENUE IN THE
CONSOLIDATED URBAN REVITALIZATION AREA
(CURA) , IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Sidik Dautovic has submitted an application dated
January 21, 2015 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for the construction
of an addition to a single family home valued at $38, 000 . 00 for
property located at 1856 Forest Avenue, more fully described as
follows :
Lot No. Two Hundred Ninety-three (293) in "Kenwood
Park" in the City of Waterloo, Iowa
Subject to easements, restrictions, covenants,
ordinances and limited access provisions of record;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area (LURA) in Waterloo, Iowa,
as previously established by the City Council of the City of
Waterloo, Iowa, and
WHEREAS, the construction of an addition 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 construction of an addition 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 (LURA) 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 30%
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.
i
Resolution No. 2015-79
Page 2
PASSED AND ADOPTED this 2nd day of February, 2015 .
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Ernest G. Clark, Mayo
ATTEST:
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Suzy Scares, CMC
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