HomeMy WebLinkAbout2015-741-9/21/2015 Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-741
RESOLUTION APPROVING APPLICATION WITH WILLIAM
HERKELMAN FOR TAX EXEMPTIONS ON THE
- - CONSTRUCTION OF A NEW HOME VALUED AT
$201, 542 . 00 FOR PROPERTY LOCATED AT 4121
MOCKINGBIRD LANE, AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA (CLURA) , IN
THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, William Herkelman has submitted an application
dated August 25, 20155 to the City Council of the City of
Waterloo, Iowa, requesting to receive tax exemptions for the
construction of a new home valued at $201, 542 . 00 for- property
located at 4121 Mockingbird Lane, more fully described as
follows :
Crossroads Estates Replat No. 1, Lot 47, Black Hawk County,
Iowa;
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 newer construction on said property was made
during the time Zin which such "i`mprovements are eligible for the
tax exemption's was `sett 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 theGovernor 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 21st day of September, 2015 .
s
Ernest G. Clark, Mayor
ATTEST":""
Suzy Scha es, CMC'
City Clerk