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HomeMy WebLinkAbout2021-046-02.01.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2021-046 RESOLUTION APPROVING THE REQUEST OF ROBSON HOMES INC., FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A SINGLE DUPLEX UNIT VALUED AT $130,000, FOR PROPERTY LOCATED AT 842 GRINDSTONE CIRCLE, AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA (CLURA). WHEREAS, Robson Homes Inc. has submitted an application dated January 11, 2021, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction of a single duplex unit valued at $130,000, for property located at 842 Grindstone Circle, and located in the City Limits Urban Revitalization Area (CLURA), more fully described as follows: UNIT 842 AND THE UNDIVIDED INTEREST IN THE COMMON ELEMENTS APPURTENANT TO SAID UNIT, IN PRAIRIE MEADOW ESTATES, A CONDOMINIUM, PURSUANT TO DECLARATION OF HORIZONTAL PROPERTY REGIME RECORDED IN DOC NO. 2017-11285 ON DECEMBER 16, 2016, AS AMENDED BY FIRST AMENDMENT IN DOC. NO. 2017-13976 RECORDED FEBRUARY 3, 2017, AS AMENDED BY SECOND AMENDMENT IN DOC. NO. 2019-2874, RECORDED AUGUST 20, 2018, AS AMENDED BY THIRD AMENDMENT IN DOC. NO. 2020-1458 FILED JULY 24, 2019, AS AMENDED BY THE FOURTH AMENDMENT IN DOC. NO. 2020-17423 FILED APRIL 9, 2020, AS AMENDED BY FIFTH AMENDMENT IN DOC. NO. 2021-1251, FILED JULY 17, 2020, AND AS SUBSEQUENTLY MAY BE AMENDED BEING LAID OUT ON LOTS 1 THOUGH 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 Resolution No. 2021- Page 2 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 ATTEST: Kelle, --e/c/ile Kelley Felchle City Clerk