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HomeMy WebLinkAbout2020-594-08.17.20Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2020-594 RESOLUTION APPROVING THE REQUEST OF JOCELYNE KELLY FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A SINGLE DUPLEX UNIT VALUED AT $159,900, FOR PROPERTY LOCATED AT 821 GRINDSTONE CIRCLE, AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA (CLURA). WHEREAS, Jocelyne Kelly has submitted an application dated June 1, 2020, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction of a single -duplex unit valued at $159,900, for property located at 821 Grindstone Circle, and located in the City Limits Urban Revitalization Area (CLURA), more fully described as follows: UNIT 821 AND THE UNDIVIDED INTEREST IN THE COMMENT 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, AS AMENDED BY THIRD AMENDMENT IN DOC. #2020-1458 FILED JULY 24, 2019 AND AS AMENDED BY FOURTH AMENDMENT IN DOC. #2020- 17423 FILED APRIL 9, 2020 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 17th day of August 2020. Resolution No. 2020-594 Page 2 Quentin Hart Quentin Hart, Mayor ATTEST: Kelley --e/c/ile Kelley Felchle, City Clerk