HomeMy WebLinkAbout2015-29-1/20/2015 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-29
RESOLUTION APPROVING APPLICATION WITH HOWARD
L. ALLEN INVESTMENTS, INC. FOR TAX EXEMPTIONS
ON THE CONSTRUCTION OF A NEW COMMERCIAL
BUILDING VALUED AT $200, 000 . 00 FOR PROPERTY
LOCATED AT 1328 LAPORTE ROAD IN THE
CONSOLIDATED URBAN REVITALIZATION AREA
(LURA) , IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Howard L. Allen Investments, Inc. has submitted an
application dated January 6, 2015 to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemptions on the
construction of a new commercial building valued at $200, 000 . 00
for property located at 1328 LaPorte Road, more fully described
as follows :
Lots Nos . One (1) and Two (2) , except the East Sixty-
seven (67) feet of each lot, and all of Lots Nos . Three
(3) and Four (4 ) in "Sunkist Addition" in 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 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 three-
year exemption schedule:
For the first year 1000
For the second year 1000
For the third year 1000
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. 2015-29
Page 2
PASSED AND ADOPTED this 20th da f January, 2015 .
nest G. Clark, Mayor
ATTEST:
Suzy Sc ares, CMC
City Clerk