HomeMy WebLinkAbout2015-864-11/2/2015 f
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Prepared by Nancy Higby, Administrative [ Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-864!
RESOLUTION APPROVING APPLICATION WITH TIM
CUMMINGS FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW CONDO VALUED AT
$159, 900. 00 FOR PROPERTY LOCATED AT 4004
MOURNING DOVE DRIVE, AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA -(CLURA) , IN
THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
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WHEREAS, Tim Cummings has submitted an application dated
October 12, 2015 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions afor the construction
of a new condo --valued at $159, 900 . 00 for property located at 4004
Mourning Dove Drive, more fully described as follows :
Crossroads A Condominium Unit 4004, Waterloo, Black
Hawk County, Iowa
Subject to easements, restriction`s, covenants,
ordinances and limited access provisions of records;
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 ECity Limits Urban
Revitalization Area (CLURA) 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 City Limits Urban
Revitalization Area (CLURA) Plan as adoptedrby 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 Stateof Iowa, and
WHEREAS, said applicant -is requesting the following three-
year exemption schedule:
For the first year 100% E
For the second year 100%
For the third year- 100%
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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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PASSED AND ADOPTED this 2nd day November, 2015 .
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ATTEST: e
Ernst G. Clark, Mayor
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«Suzy S hares, CMC
City C erk '
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