HomeMy WebLinkAbout2015-858-11/2/2015 a£ r
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Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, ' (319) 291-
4323 .
} RESOLUTION NO. 2015-858
RESOLUTION APPROVING APPLICATION WITH THOMAS
H. SKINNER FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW GARAGE VALUED AT
$16, 915 . 00 FOR PROPERTY LOCATED AT 1110 W.
PARKER STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA) , IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Thomas H. Skinner has submitted an application
dated September 29,' 2015 to the City Council of the City of
Waterloo, Iowa, requesting to receive tax exemptions for the
construction of a new ,garage valued at $-16, 915 . 00 for property
located at 1110 W. - Parker Street, more fully described as
follows :
Alfords Subdivision of a part of Lot A Cedar Dale,
Waterloo Lot 15, Block 4, in the City of Waterloo,
Black Hawk County, Iowa, `
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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 iconformance 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 asl set forth in the Consolidated Urban
Revitalization Area (LURA) 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
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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 Iyear 50%
For the fifth year 40%
For the sixth year 40%
For the seventh year 30%
For the eighth 'year 30%
For the ninth year 20%
For the tenth year 20%
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.
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Resolution No. 2015=858
Page 2
PASSED AND ADOPTED this 2nd da of November, 2015 .
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Ernest G. Clark, Mayor
ATTEST:
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Suzy Sc ares, CMC
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