HomeMy WebLinkAbout2015-899-11/23/2015 Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-899
RESOLUTION APPROVING APPLICATION WITH ERIC
SAVAGE FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW SINGLE FAMILY HOME VALUED AT
$174, 900 . 00 FOR PROPERTY LOCATED AT 4101
MOURNING DOVE DRIVE, AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA '(CLURA) , IN
THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Eric Savage` has submitted an application dated
November 13, 2015; to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for the construction
of a new single family home valued at $174, 900 . 00 for property
located at 4101 Mourning Dove Drive, more fully described as
follows :
Crossroads A Condominium Unit 4101, Waterloo, Black
Hawk County, Iowa
Subject to easements, restrictions, 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 City 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 adopted by the City Council
of the City of Waterloo, Iowa, and as set forth in the Urban
Revitalization Act as adopted by the Legislatur'e 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 100%
For the second year 100%
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 23rd day of November, 2015 .
Resolution No. 2015-899
Page 2
ATTEST: Ernest G. Clark, Mayor
e ley Oelchle
Deputy ' ty Clerk