HomeMy WebLinkAbout2015-03-1/5/2015 a
Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-03
RESOLUTION APPROVING APPLICATION WITH TONY
MCGEE FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW GARAGE VALUED AT $15, 000 . 00 FOR
PROPERTY LOCATED AT 415 GREENBRIER ROAD IN
THE CONSOLIDATED URBAN REVITALIZATION AREA
(LURA) , IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Tony McGee has submitted an application dated
December 2, 2014 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on the construction of
a new garage valued at $15, 000 . 00 for property located at 415
Greenbrier Road, more fully described as follows :
Greenbrier Fifth Addition, Lot 1, in the City of
Waterloo, Black Hawk County, Iowa;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area (CURA) 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 (LURA) 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 800
For the second year 700
For the third year 60o
For the fourth year 500
For the fifth year 400
For the sixth year 40o
For the seventh year 300
For the eighth year 300
For the ninth year 200
For the tenth year 200
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 resolutign to the Assessor.
i
Resolution No. 2015-03
Page 2
PASSED AND ADOPTED this 5th day of January, 2015 .
nest G. Clark, Mayor
ATTEST:
S,X-E I X r,I?
Suzy Scares, MC
City Cl rk