HomeMy WebLinkAbout2014-614-07/28/2014 Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2014-614
RESOLUTION APPROVING APPLICATION WITH ADAM L.
ASWEGAN FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY DWELLING
VALUED AT $300, 000 . 00 FOR PROPERTY LOCATED AT
1241 ROOSEVELT STREET IN THE CONSOLIDATED
URBAN REVITALIZATION AREA (CURA) , IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Adam L. Aswegan has submitted an application dated
July 14, 2014 to the City Council of the City of Waterloo, Iowa,
requesting to receive tax exemptions on the construction of a new
single family dwelling valued at $300, 000 . 00 for property located
at 1241 Roosevelt Street more fully described as follows:
East 11 of Lot 39 Maywood Third Addition in the City of
Waterloo, Black Hawk County, Iowa.
Subject to covenants, restrictions, ordinances,
easements, and limited access provisions of record;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area (CURA) 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 Consolidated Urban
Revitalization Area (CURA) 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 Consolidated Urban
Revitalization Area (CURA) 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 80%
For the second year 70%
For the third year 60%
For the fourth year 50%
For the fifth year 40%
For the sixth year 40%
For the seventh year 30%
For the eighth year 30%
For the ninth year 20%
For the tenth year 20%
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.
Resolution No. 2014-614
Page 2
PASSED AND ADOPTED this 28th day of July, 2014 .
Ernest G. Clark, Mayor
ATTEST:
Suzy S ha s, CMC
City C erk