HomeMy WebLinkAbout2015-961-12/21/2015 Prepared by Nancy Higby, Administrative, Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-961
RESOLUTION APPROVING APPLICATION WITH CHRIS
FRANK FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW SINGLE FAMILY HOME VALUED AT
$352, 963. 00 FOR PROPERTY LOCATED AT 1523
FALCON RIDGE, AND LOCATED IN THE CITY LIMITS
URBAN REVITALIZATION AREA (CLURA) , IN THE
CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Chris Frank has submitted an application dated
November 2`7 , 2015 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for the construction
of a new single family home valued at $352, 963 . 00 for property
located at 1523 Falcon Ridge, more fully described as follows :
Audubon Heights 4th Addition Lot 5, 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