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HomeMy WebLinkAbout2015-865-11/2/2015 i r . .,...._.. . T ap ♦. a �. ` ' V .. Y j Prepared by Nancy:. Higbyf Administrative ( Secretary, City of Waterloo, 715 Mulberry Street, Waterloo, IA 350703. , 319-291-4323 . RESOLUTION NO. 2015-865! RESOLUTION APPROVING APPLICATION WITH SENAD & AIDA DIZDAREVIC FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A NEW SINGLE FAMILY HOME VALUED AT $200,000 . 00 FOR PROPERTY1LOCATED AT 5612 SUMMERLAND DRIVE, AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA (CLURA) , IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. WHEREAS, Senad & Aida Dizdarevic lhave submitted an application dated September 28, 2015 to thel City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for the construction of a new single family home valued at $200, 000 . 00 ' for property located at 5612 Summerland Drive, more fully described as follows : Summerland Farms Lot 42, Waterloo, Black Hawk County, Iowa Subject to easements, restrictions, covenants, ordinandes and limited access provisions of records; and, 1 s 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 I 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 adopted -'by the City Council of the City of Waterloo, Iowa, and as set iforth 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 1000 For the second year 1000 For the third year 1000 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-._2°d day o November, 2015 . a .Ernest G. Clark, Mayor ATTEST: 3 lu azyScha es, CMC 1 City Cler }