HomeMy WebLinkAbout2019-869-11/18/2019 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-869
RESOLUTION APPROVING THE REQUEST OF RYAN &
LISA BENNETT FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A SINGLE FAMILY HOME VALUED
AT $448,019, FOR PROPERTY LOCATED AT 1106
PARTRIDGE LANE, AND LOCATED IN THE CITY LIMITS
URBAN REVITALIZATION AREA(CLURA).
WHEREAS, Ryan & Lisa Bennett have submitted an application dated September 11,
2019, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for
construction of a new single family home valued at $448,019 for property located 1106 Partridge
Lane, and located in the City Limits Urban Revitalization Area (CLURA), more fully described
as follows:
AUDUBON HEIGHTS 4TH ADDITION LOT 10, 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 100%
For the second year 100%
For the third year 100%
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 18th day of November 2019.
tr/Lks2#5C—Otate,Quentin Hart, Mayor
ATTEST:
elley Felchle, r ty erk