HomeMy WebLinkAbout2017-725-9/5/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-725
RESOLUTION APPROVING THE REQUEST OF STEVEN
NEWELL FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW SINGLE FAMILY HOME VALUED AT $347,941
FOR PROPERTY LOCATED AT 1224 PARTRIDGE LANE,
AND LOCATED IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA).
WHEREAS, Steven Newell has submitted an application dated August 14, 2017, to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction
of a new single family home valued at $347,941 for property located at 1244 Partridge Lane, and
located in the City Limits Urban Revitalization Area(CLURA), more fully described as follows:
AUDUBON HEIGHTS 5TH ADDITION LOT 24, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
Subject to easements, restrictions, covenants, ordinances and limited access provisions of
records, 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 100%
For the second year 100%
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 5th day of September 2017.
Quentin Hart, Mayor `-
Resolution No. 2017-725
Page 2
ATTEST:
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K-elley-Felc,T
City Clerk