HomeMy WebLinkAbout2017-883-10/23/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-883
RESOLUTION APPROVING THE REQUEST OF DS
RENTALS FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A TWIN HOME VALUED AT $130,000
FOR PROPERTY LOCATED AT 5632 KEITH LANE, AND
LOCATED IN THE CITY LIMITS URBAN REVITALIZATION
AREA(CLURA).
WHEREAS, DS Rentals has submitted an application dated September 13, 2017, to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction
of a new twin home valued at $130,000 for property located at 5632 Keith Lane, and located in
the City Limits Urban Revitalization Area(CLURA), more fully described as follows:
SUMMERLAND CONDOS SOUTH, BUILDING 2, UNIT 1, 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 tan 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 23rd day of October 2017.
Quentin Hart, Mayor
Resolution No. 2017-883
Page 2
ATTEST:
Kelley Felc
City Clerk