HomeMy WebLinkAbout2015-05-1/5/2015 Resolution No. 2015-05
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PASSED AND ADOPTED this 5th day of January, 2015 .
Ernest G. Clark, Mayor
ATTEST:
Suzy S ares, CMC
City Cl rk
Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-05
RESOLUTION APPROVING APPLICATION WITH SHAYNE
A. COCHRAN FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $150, 000 . 00 FOR PROPERTY LOCATED AT
5908 SUMMERLAND DRIVE IN THE CITY LIMITS
URBAN REVITALIZATION AREA (CLURA) , IN THE
CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Shayne A. Cochran has submitted an application
dated December 21, 2014 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 $150, 000 . 00
for property located at 5908 Summerland Drive, more fully
described as follows :
Lot 3 in Summerland Farms Replat Lot 1, in the City of
Waterloo, Black Hawk County, Iowa.
Subject to convenants, restrictions, ordinances,
easements, 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 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.