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HomeMy WebLinkAbout2020-824-11.09.2020Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2020-824 RESOLUTION APPROVING THE REQUEST OF GARY AND SUSAN GIELAU FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A NEW SINGLE DUPLEX UNIT VALUED AT $378,000 FOR PROPERTY LOCATED AT 3807 TRENT LANE, AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA (CLURA). WHEREAS, Gary and Susan Gielau have submitted an application dated October 7, 2020, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction of a new single duplex unit valued at $378,000, for property located at 3807 Trent Lane, and located in the City Limits Urban Revitalization Area (CLURA), more fully described as follows: UNIT F AND THE UNDIVIDED PERCENTAGE INTEREST IN THE COMMON ELEMENTS APPURTENANT TO SAID UNIT, SUNNYSIDE COVE CONDOMINIUMS OF WATERLOO, BLACK HAWK COUNTY, IOWA, RECORDED MARCH 20, 2018 IN DOC. 2018-15265 AND AS AMENDED BY FIRST AMENDMENT DOC. #2020-1494 RECORDED JULY 24, 2019, AND BEING LAID OUT ON A PART OF PARCEL "M" OF PLAT OF SURVEY 343 MISC. FILED SEPTEMBER 7, 2001. 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 9th day of November 2020. Quentin Hart, Mayor Resolution No. 2020-824 Page 2 ATTEST: Ke&&e, .e/ch/e Kelley Felchle, City Clerk