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HomeMy WebLinkAbout2015-490-6 /22/2015 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 . RESOLUTION NO. 2015-490 RESOLUTION APPROVING APPLICATION WITH SANAD MUJIC FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A NEW TWIN HOME VALUED AT $174, 900 . 00 FOR PROPERTY LOCATED AT 4113 MOURNING DOVE DRIVE, AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA (CLURA) , IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. WHEREAS, Sanad Mujic has submitted an application dated May 26, 2015 to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for the construction of a new twin home valued at $174, 900 . 00 for property located at 4113 Mourning Dove Drive, more fully described as follows : Unit 4113 Mourning Dove Drive and the undivided interest in the common elements appurtenant to said unit, in Crossroads, A Condominium, recorded in Doc. #2014-02198 on July 29, 2013 as amended by First Amendment to Declaration recorded October 16, 2013 in Doc. - #2014-08347, by Second Amendment to Declaration recorded December 26, 2013 in Doc. #2014-12658, by Third Amendment to Declaration recorded January 27, 2014 in Doc. #2014-14368, and by Fourth Amendment to Declaration recorded May 15, 2014 in Doc. #2014-20159 and by Fifth Amendment to Declaration recorded July 29, 2014 in Doc. #2015-01730 and by Sixth Amendment to Declaration recorded April 2, 2015, in Doc. No. 2015- 15573, being laid out on Lots 51 through 62 and 117 through 140 in Crossroads Estates Replat no. 1, 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 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. 2015-490 Page 2 PASSED AND ADOPTED this 22nddaof June, 2015 . -- 41�11/ Ernest G. Clark, Mayor ATTEST: Suzy S(5-ht-]!—es, CMC City Cle k