HomeMy WebLinkAbout2016-040-1/19/2016 Prepared by- Nancy Higby, Administrative Secretary, City of
Waterloo_ , 715 Mulberry Street, Waterloo, IA 50703, ` (319) 291-
4323 .
RESOLUTION NO. 2016-040
RESOLUTION APPROVING APPLICATION WITH ROOFF
DEVELOPMENT FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW TOWNHOME ` VALUED AT
5154, 000 . 00 FOR PROPERTY LOCATED AT 307 E.
3RD STREET AND LOCATED WITHIN THE
CONSOLIDATED URBAN REVITALIZATION AREA
-_.._.(CURA) , - IN- THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS-, Rooff Development has submitted an application
dated December 21, 2015 to the City Council of the City of
Waterloo, Iowa, requesting to receive tax exemptions for the
construction of a new Townhome valued at $154, 000 . 00 for property
located at 307 E. 3rd Street, more fully described as follows:
Lot- 3 St Joseph' s Square, in the City of Waterloo,
Black Hawk County, Iowa,
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area (LURA) 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 Consolidated Urban
Revitalization Area (CURA) 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 Consolidated Urban
Revitalization Area (LURA) 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 .thea-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 19th day of January, 2016 .
Quentin Hart, Mayor
ATTEST:
zy Scares, CMC
Cit C1 rk
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