HomeMy WebLinkAbout2015-963-12/21/2015 Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-963
RESOLUTION APPROVING APPLICATION WITH KEVIN &
BRENDA KRAPFL FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $289, 000 . 00 FOR PROPERTY LOCATED AT
1911 RED TAIL DRIVE, AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA. (CLURA) , IN
THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Kevin & Brenda Krapfl have submitted an application
dated November 17,, 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 $289,,000 . 00
for property located at 1911 Red Tail Drive, more fully described
as follows :
Audubon Park Sixth Addition Lot 19, Waterloo, Black
Hawk County,_ .Iowa
f:
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
f
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