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HomeMy WebLinkAbout2020-06-01/06/2020 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2020-06 RESOLUTION APPROVING THE REQUEST OF DUANE A. AMHOF FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A DUPLEX UNIT VALUED AT $205,000, FOR PROPERTY LOCATED AT 733 GRINDSTONE CIRCLE, AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA (CLURA). WHEREAS, Duane A. Amhof has submitted an application dated December 9, 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 $205,000 for property located at 733 Grindstone Circle, and located in the City Limits Urban Revitalization Area (CLURA), more fully described as follows: UNIT 733 AND THE UNDIVIDED INTEREST IN THE COMMON ELEMENTS APPURTENANT TO SAID UNIT, IN PRAIRIE MEADOW ESTATES, A CONDOMINIUM, RECORDED IN DOC. #2017-11285 ON DECEMBER 16, 2016, AS AMENDED BY FIRST AMENDMENT IN DOC. #2017-13976 RECORDED FEBRUARY 3, 2017, AS AMENDED BY SECOND AMENDMENT IN DOC. #2019-2874 RECORDED AUGUST 20, 2018 AND AS AMENDED BY THIRD AMENDMENT IN DOC. #2020-1458 FILED JULY 24, 2019 AND BEING LAID OUT ON LOTS 1 THROUGH 7 AND LOT A IN PRAIRIE MEADOW ESTATES ADDITION, CITY OF 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 6th day of January 2020. Resolution No. 2020-06 Page 2 Quentin Hart, Mayor ATTEST: 1 A. LI elley Felchl- City Clerk