HomeMy WebLinkAbout2019-300-05/06/2019Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-300
RESOLUTION APPROVING THE REQUEST OF CARLEISA
MCGHEE FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW CONDOMINIUM VALUED AT
$170,000, FOR PROPERTY LOCATED AT 4005 SARAH
DRIVE, AND LOCATED IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA).
WHEREAS, Carleisa McGhee has submitted an application dated April 1, 2019, to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction
of a new condominium valued at $170,000 for property located 4005 Sarah Drive, and located in
the City Limits Urban Revitalization Area (CLURA), more fully described as follows:
UNIT 4005, AND THE UNDIVIDED INTEREST IN THE COMMON
ELEMENTS APPURTENANT THERETO, CROSSROADS A
CONDOMINIUM, AS RECORDED IN DOC. NO. 2014-02198 ON JULY 29,
2013, AS AMENDED, BEING LAID OUT ON LOTS 117 THROUGH 122 IN
CROSSROADS ESTATES REPLAT NO. 1, 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 6th day of May 2019.
l Q .fit JT
Quentin Hart, Mayor
Resolution No. 2019-300
Page 2
ATTEST:
e ley Felchle
City Clerk