HomeMy WebLinkAbout2019-705-09/16/2019 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-705
RESOLUTION APPROVING THE REQUEST OF ARK II REAL
ESTATE SOLUTIONS, LLC, FOR TAX EXEMPTIONS ON
THE CONSTRUCTION OF HOME IMPROVEMENTS
VALUED AT $75,000 FOR A PROPERTY LOCATED AT 437
HOPE AVENUE, AND LOCATED WITHIN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CURA).
WHEREAS, ARK II Real Estate Solutions, LLC has submitted an application dated
August 7, 2019, to the City Council of the City of Waterloo, Iowa, requesting to receive tax
exemptions for construction of home improvements valued at $75,000, for property located 437
Hope Avenue, and located in the Consolidated Urban Revitalization Area (CURA), more fully
described as follows:
LOGAN DALE HEIGHTS ADDITION LOT 1 BLOCK 6, 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 Consolidated Urban
Revitalization Area (CURA) in Waterloo, Iowa, as previously established by the City Council of
the City of Waterloo, Iowa, and
WHEREAS, the construction improvements are 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 improvements on said property were 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 100%
For the second year 100%
For the third year 100%
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 16th day of September 2019.
Quentin Hart, Mayor
ATTEST:
Yk)
Kelley Felc e, City Clerk