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HomeMy WebLinkAbout2015-923-12/7/2015 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291- 4323. RESOLUTION NO. 2015-923 RESOLUTION APPROVING APPLICATION WITH RICHARD KORNEISEL FOR TAX EXEMPTIONS FOR THE INTERIOR AND EXTERIOR REMODEL OF A SINGLE FAMILY HOME VALUED AT $11, 600 . 00 FOR PROPERTY LOCATED AT 611 W. PARKER STREET AND LOCATED WITHIN THE CONSOLIDATED URBAN REVITALIZATION AREA (LURA) , IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. WHEREAS, Richard Korneisel has submitted an application dated November 3, 2015 to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for the interior and exterior remodel of a single family home valued at $11, 600 . 00 for property located at 611 W. Parker Street, more fully described as follows : Parker Street Replat Lot 11, in the City of Waterloo, Black Hawk County, Iowa, and, WHEREAS, said property is located within the designated Consolidated Urban Revitalization Area (LURA) 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 Consolidated Urban Revitalization Area (LURA) 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 Consolidated Urban Revitalization Area (CURA) 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 said application and a copy of this resolution to the Assessor. Resolution u ion No 2015- 923 Page 2 PASSED AND ADOPTED this 7th day of December, 2015. Ernest G. Clark, Mayor ATTEST: I Suzy Schres, CMC City Cle k II ,.