HomeMy WebLinkAbout2019-872-11/18/2019 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-872
RESOLUTION APPROVING THE REQUEST 3 LITTLE
LAMBS, LLC, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A STORAGE BUILDING VALUED AT
$450,000, FOR A PROPERTY LOCATED AT 1825 BLACK
HAWK STREET, AND LOCATED WITHIN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CURA).
WHEREAS, 3 Little lambs, LLC has submitted an application dated October 11, 2019, to
the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for
construction of a storage building valued at $450,000, for property located 1825 Black Hawk
Street, and located in the Consolidated Urban Revitalization Area (CURA), more fully described
as follows:
LOT 1, LOT 2, LOT 3, LOT 8 EXCEPT THE WEST 45 FEET THEREOF, LOT
9, AND LOT 10, ALL IN THE BLOCK 16 HAYES ADDITION, CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA; AND
THAT PART OF VACATED WEST 17TH STREET LYING
NORTHEASTERLY OF A LINE DRAWN BETWEEN THE SOUTHERLY
MOST CORNER OF LOT 10, BLOCK 16, HAYES ADDITION, AND THE
WESTERLY MOST CORNER OF LOT 6, BLOCK 15, HAYES ADDITION,
AND LYING SOUTHWESTERLY OF A LINE DRAWN BETWEEN THE
SOUTHERLY CORNER OF LOT 1, BLOCK 16, HAYES ADDITION, AND
THE WESTERLY MOST CORNER OF LOT 5, BLOCK 15, HAYES
ADDITION, CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA,
SUBJECT TO A UTILITY EASEMENT OVER, UNDER AND UPON SAID
VACATED WEST 17TH STREET; AND
THAT PART OF VACATED ALLEY LYING NORTHWESTERLY OF A LINE
DRAWN BETWEEN THE EASTERLY MOST CORNER OF LOT 10, BLOCK
16, HAYES ADDITION, AND THE SOUTHERLY MOST CORNER OF LOT 1,
BLOCK 16, HAYES ADDITION, AND LYING SOUTHEASTERLY OF A
LINE DRAWN BETWEEN THE SOUTHERLY MOST CORNER OF LOT 3,
BLOCK 16, HAYES ADDITION, AND THE NORTHERLY MOST CORNER
OF LOT 9, BLOCK 16, HAYES ADDITION, CITY OF WATERLOO, BLACK
HAWK COUNTY, IOWA, SUBJECT TO A UTILITY EASEMENT OVER,
UNDER, AND UPON SAID VACATED ALLEY; AND
THAT PART OF THE VACATED ALLEY IN BLOCK 16 OF HAYES
ADDITION LYING SOUTHEASTERLY OF A LINE DRAWN BETWEEN
THE NORTHERLY MOST CORNER OF LOT 8 OF SAID BLOCK 16 AND
WESTERLY MOST CORNER OF LOT 3 OF SAID BLOCK 16, AND LYING
NORTHWESTERLY OF A LINE DRAWN BETWEEN THE SOUTHERLY
MOST CORNER OF LOT 3 OF SAID BLOCK 16 AND THE NORTHERLY
MOST CORNER OF LOT 9 OF SAID BLOCK 16, EXCEPT THE
SOUTHWESTERLY ONE-HALF OF THAT PART OF THE VACATED
ALLEY IN BLOCK 16 OF HAYES ADDITION LYING SOUTHEASTERLY
OF A LINE DRAWN BETWEEN THE NORTHERLY MOST CORNER OF
LOT 8 OF SAID BLOCK 16 AND THE WESTERLY MOST CORNER OF LOT
3 OF SAID BLOCK 16, AND LYING NORTHWESTERLY OF A LINE
DRAWN BETWEEN A POINT ON THE NORTHEASTERLY LINE OF SAID
LOT 8 THAT IS 45 FEET SOUTHEASTERLY OF THE NORTHERLY MOST
CORNER OF SAID LOT 8 AND A POINT ON THE SOUTHWESTERLY LINE
Resolution No. 2019-872
Page 2
OF SAID LOT 3 THAT IS 45 FEET SOUTHEASTERLY OF THE WESTERLY
MOST CORNER OF SAID LOT 3, CITY OF WATERLOO, BLACK HAWK
COUNTY IOWA, SUBJECT TO A UTILITY EASEMENT OVER, UNDER,
AND UPON SAID VACATED ALLEY.
Subject to easements, restrictions, covenants, ordinances and limited access provisions of
records, and
WHEREAS, said property is located within the designated Consolidated Urban
Revitalization Area (CURA) in Waterloo, Iowa, as previously established by the City Council of
the City of Waterloo, Iowa, and
WHEREAS, the construction improvements are in conformance with the Consolidated
Urban Revitalization Area (CURA) Plan as officially adopted by the City Council for the City of
Waterloo, Iowa, and
WHEREAS, the improvements on said property were made during the time in which such
improvements are eligible for the tax exemption as set forth in the Consolidated Urban
Revitalization Area (CURA) 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 10-year partial exemption
schedule:
For the first year 80%
For the second year 70%
For the third year 60%
For the fourth year 50%
For the fifth year 40%
For the sixth year 40%
For the seventh year 30%
For the eighth year 30%
For the ninth year 20%
For the tenth year 20%
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.
Quentin Hart, Mayor
ATTEST:
Al
, . ,.
el ey elc['e, City Clerk