HomeMy WebLinkAbout2015-924-12/7/2015 Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-.
4323 .
RESOLUTION NO. 201'5-924
RESOLUTION APPROVING APPLICATION WITH ADAM &
APRIL BURG FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $153, 000 . 00 FOR PROPERTY LOCATED AT
3119 FRANKLIN' STREET AND LOCATED WITHIN THE
CONSOLIDATED URBAN REVITALIZATION AREA
r (LURA) , IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
I
WHEREAS, Adam and April Burg have submitted an application
dated November 4, 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 $153, 000 . 00
for property located at 3119 Franklin Street, more fully
described as follows :
UNPLATTED. WLOO EAST COM AT A PT 864 FT W OF A PT THAT
IS 1040 FT S' OF THE NE COR OF SEC 29 T .89 R 12 TH W 64
FT ALONG A LINE PAR TO THE N LINE OF SAID SEC TH S
288 . 4 FT M OR L ALONG A LINE PAR TO THE E LINE OF SAID
SEC TO THE S LINE, OF THE N 1/2 OF THE NE `1/4 OF SAID
SEC TH E ALONG S LINE 64 FT TH N ALONG A LINE PAR TO
THE E LINE OF SAID SEC TO THE PL OF BEG IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA,
and,
II' 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 (CURA) 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 'b,y 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 10-year
partial exemption schedule:
For the first year 800
For the second year 700
For the third year 600
For the fourth year 50%
For the fifth year 40%
For the sixth year 400
For the seventh year 30%
For the eighth year 300
For the ninth year 20%
For the tenth year 20%
Resolution No. 2015- 924
Page 2
g ' 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, 2015.
I
I 7-j
Ernest G. Clark, Mayor
" ATTEST:
z
Suzy Sc ares, CMC
City C1 rk
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