HomeMy WebLinkAbout2014-907-10/20/2014 Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2014-907
RESOLUTION APPROVING APPLICATION WITH WE
PETERS, LTD FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW TWIN HOME (CONDO)
VALUED AT $173, 000 FOR PROPERTY LOCATED AT
4137 MOURNING DOVE DRIVE IN THE CITY LIMITS
URBAN REVITALIZATION AREA (CLURA) , IN THE
CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, WE Peters, LTD has submitted an application dated
September 29, 2014 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for the construction
of a new twin home (condo) valued at $173, 000 for property
located at 4137 Mourning Dove Drive, more fully described as
follows :
Unit 4137 Mourning Dove Drive and the undivided
interest in the common elements appurtenant to said
unit, in Crossroads, a Condominium, recorded in Doc.
#2014-02198 on July 29, 2013 as amended by first
Amendment to Declaration recorded October 16, 2013 in
Doc . #2014-08347, by Second Amendment to Declaration
recorded December 26, 2013 in Doc. #2014-12658 by Third
Amendment to Declaration recorded January 27, 2014 in
Doc . #2014-14368, and by Fourth Amendment to
Declaration recorded May 15, 2014 in Doc. #2014-20159
and by Fifth Amendment to Declaration recorded July 29,
2014 in Doc. No. 2015-01730 being laid out on Lots 51
through 62 and 128 through 140 in Crossroads Estates
Replat No. 1, Waterloo, Black Hawk County, Iowa .
Subject to zoning, easements, covenants, and
restrictions of record in the office of the Recorder of
Black Hawk County, Iowa;
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.
Resolution No. 2014-907
Page 2
PASSED AND ADOPTED this 20th of October 14 .
„,e4.1,4?/
Ernest G. Clark, Mayor
ATTEST:
Suzy Sch es, CMC
City Cler