HomeMy WebLinkAbout2015-297-5/4/2015 1
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Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-
4323 .
RESOLUTION -
N0. 2015-297
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RESOLUTION APPROVING APPLICATION WITH JOYCE
GAMBLIN FOR { TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $88, 000 . 00 FOR PROPERTY LOCATED AT
1803 E. 4TH STREET IN THE CONSOLIDATED URBAN
REVITALIZATION 'AREA (LURA) , IN THE CITY OF
WATERLOO, BLACKIHAWK COUNTY, IOWA.
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WHEREAS, Joyce Gamblin has submitted an application dated
April 22, 2015 to the City Council of the City of Waterloo, Iowa,
requesting to receive tax exemptions for the construction of a
new single family home valued at $88, 000 . 00 for property located
at 1803 E. 4th Street, more fully described as follows :
Ricker and Bratnobers Addition Lot 1 Block 2 . 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 l
I
WHEREAS, the new construction project respecting said
property is in = conformance with the Consolidated Urban
Revitalization Area (CUBA) 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 which1such improvements are eligible for the
tax exemption as set,f 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: 1
For the first year 100%
For the second year j 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 4th day of May, 2015 .
� ? Ernest G. Clark, Mayor
-TEST:
Suzy Sc ares, CMC
City C1e k