HomeMy WebLinkAbout2015-35-1/20/2015 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-35
RESOLUTION APPROVING APPLICATION WITH HOLLY
BRADLEY FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $500, 000 . 00 FOR PROPERTY LOCATED AT
5050 SOUTH FORK LANE IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA) , IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Holly Bradley has submitted an application dated
January 9, 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 $500, 000 . 00 for property
located at 5050 South Fork Lane, more fully described as follows:
Lot 15 in South Fork Estates, City of Waterloo, Black
Hawk County, Iowa;
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.
PASSED AND ADOPTED this 20th day of January, 2015 .
Ernest G. Clark, Mayor
ATTEST:
C
y Sch res, CMC
City Cle k