HomeMy WebLinkAbout2019-04-1-7-19Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-04
RESOLUTION APPROVING THE REQUEST OF DS RENTALS
FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A
DUPLEX VALUED AT $230,000 FOR PROPERTY LOCATED
AT 177 HARVEY DRIVE, AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA (CLURA).
WHEREAS, DS Rentals has submitted an application dated December 12, 2018, to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction
of a duplex valued at $230,000 for property located 177 Harvey Drive, and located in the City
Limits Urban Revitalization Area (CLURA), more fully described as follows:
SU VLMERLAND CONDOS NORTH FE2.ST ADDITION LOT 10, 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 7th day of January 2019.
Quentin Hart, Mayor
Resolution No. 2019-04
Page 2
ATTEST:
—eV
elle Felchle
City Clerk