HomeMy WebLinkAbout2016-043-1/19/2016 C
Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-
4'3 2 3
91-4323
RESOLUTION NO. 2016-043
RESOLUTION APPROVING APPLICATION WITH ANTHONY
HUFF FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW COMMERCIAL BUILDING VALUED AT
$110, 000 . 00 FOR PROPERTY LOCATED AT 631-633
ANSBOROUGH AVENUE AND LOCATED WITHIN THE
CONSOLIDATED URBAN REVITALIZATION AREA
(CURA) ,.. 4IN: THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Anthony Huff has submitted an application dated
January 4, 2016 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for the construction
of a new, commercial building valued at $110, 000 . 00 for property
located at 631 --633 Ansborough Avenue, more fully described as
follows:
First Addition to Galloway Lots 18, 19, 20, 21, 22, 23
Except the West 35 feet, in the City of Waterloo, Black
Hawk County Iowa,
and,
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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 new construction, project respecting said
property is in conformance with the Consolidated Urban
Revitalization Area (LURA) 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 10-year
partial exemption schedule:
For the first year 80%
For the second year 700
For the third year 60%
For the fourth year 50%
For the fifth year 400
For the sixth year 40%
For the seventh year 30%
For the eighth year 30%
For the ninth year 20%
For the tenth year 200
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.
Resolution No. 2016-043
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PASSED AND ADOPTED this 19th day of January, 2016.
s
Quentin Hart, Mayor
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