HomeMy WebLinkAbout2015-926-12/7/2015Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2015-926
RESOLUTION APPROVING APPLICATION WITH MUHAMED
& HAJRA KAJTEZOVIC FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW DUPLEX VALUED AT
$182,000.00 FOR PROPERTY LOCATED AT 1906 RED
TAIL DRIVE, AND LOCATED IN THE CITY LIMITS
URBAN REVITALIZATION AREA (CLURA), IN THE
CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Muhamed & Hajra Kajtezovic have submitted an
application dated August 27, 2015 to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemptions for the
construction of a new duplex valued at $182,000.00 for property
located at 1906 Red Tail Drive, more fully described as follows:
AUDUBON PARK SIXTH ADDITION PART OF LOT 5 DESC AS BEG
AT SE COR LOT 5 TH N 69 DEG 51 MIN 20 SEC W 49.77 FT TO
POB TH N 69 DEG 51 MIN 20 SEC W 50.21 FT TH N 20 DEG 02
MIN 40 SEC E 161.17 FT TH S 71 DEG 48 MIN E 50.21 FT TH
S 20 DEG 02 MIN 06 SEC W 162.87 FT TO POB AKA PARCEL I,
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
For the second year
For the third year
1000
1000
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
said application and a copy of this resolution to the Assessor.
PASSED AND ADOPTED this 7th day of December, 201'5.
Ernest G. ftark, Mayor
ATTEST:
�s
Suzy.S N,ares, CMC
City Clerk