HomeMy WebLinkAbout2015-894-11/23/2015 Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2015-894
RESOLUTION APPROVING APPLICATION WITH ASIM
MUSTEDANAGIC FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW DUPLEX VALUED AT
$250, 000 . 00 FOR PROPERTY LOCATED AT 4108 &
4110 MOCKINGBIRD LANE, AND LOCATED IN THE
CITY LIMITS URBAN REVITALIZATION AREA
(CLURA) , IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Asim Mustedanagic has submitted an application
dated September 21, 2015 to the City Council of the City of
Waterloo, Iowa, requesting to receive tax exemptions for the
construction of a new duplex valued at $250, 000 . 00 for property
located at 4108 & 4110 Mockingbird Lane, more fully described as
follows :
Crossroads Estates Replat No. 5 Lot 5, 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 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 23rd day of November, 2015 .
r
r Ernest G. Clark Mayor
ATTEST:
x
Kelley Fe ch e
Deputy CiN Clerk