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HomeMy WebLinkAbout2021-040-02.01.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2021-040 RESOLUTION APPROVING THE REQUEST OF BRIAN GERLOFF FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A NEW SINGLE FAMILY HOME VALUED AT $357,000, FOR PROPERTY LOCATED AT 1329 E. SHAULIS ROAD, AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA (CLURA). WHEREAS, Brian Gerloff has submitted an application dated December 11, 2020, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction of a new single family home valued at $357,000, for property located at 1329 E. Shaulis Road, and located in the City Limits Urban Revitalization Area (CLURA), more fully described as follows: LOT 1, BACEVAC MINOR PLAT NO. 1, WATERLOO, BLACK HAWK COUNTY, IOWA, RECORDED IN DOC. #2007-15313 AND BEING A PART OF THE SOUTHWEST QUARTER OF SECTION 11, TOWNSHIP 88 NORTH, RANGE 13 WEST OF THE 5TH P.M., 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 1st day of February 2021. Quentin Hart, Mayor Resolution No. 2021- Page 2 ATTEST: Kct'e, �cccle DIGITALLY SIGNED Kelley Felchle City Clerk