HomeMy WebLinkAbout2015-859-11/2/2015 Prepared by Nancy Hi bY� Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-
4323 .
RESOLUTION NO. 2015-859
RESOLUTION APPROVING APPLICATION WITH ERIC
FREY FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW GARAGE AND REMODEL OF THE DWELLING
VALUED AT $190, 000 . 00 FOR PROPERTY LOCATED AT
925 MIDLAND STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (LURA) , IN THE CITY OF
WATERLOO, BLACK HAWK -COUNTY, IOWA.
WHEREAS, Eric Frey has submitted an application dated
October 16, 2015 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for the construction
of a new garage and remodel of the dwelling valued at $190, 000 . 00
for property located at 925 Midland Street, more fully described
as follows :
Lot No. 8 (except the East 146 feet thereof) and the
East 90 feet of Lot No. lzin Block No. 2 in Replat of
West One Half of Cushman Heights, an Official Plat, anow
included in forming a part of the City of Waterloo,
Black Hawk County, Iowa,
and, a '
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 and remodel 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 (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
WHEREAS, said applicant is requesting the following 10-year
partial exemption schedule :
For the first year 800
For the second year 70o
For the third year 600
For the fourth year 500
For the fifth year 400
For the sixth year 400
For the seventh year 300
For the eighth year 300
For the ninth year 200
For the tenth year 200
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. 2015r-859
Page 2
PASSED AND ADOPTED this 2nd/est
f November, 2015 .
. Clark, Mayor
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