HomeMy WebLinkAbout2014-947-11/03/2014 Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2014-947
RESOLUTION APPROVING APPLICATION WITH MARC
STANFORD FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $145, 000 FOR PROPERTY LOCATED AT
337 MONROE STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA) , IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Marc Stanford has submitted an application dated
October 28, 2014 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on the construction of
a new single family home valued at $145, 000 for property located
at 337 Monroe Street, more fully described as follows :
Lot 17, except the West 22 . 08 feet thereof and all of
Lot 18, Block 6, "Hillside Addition" to the City of
Waterloo, Iowa;
Subject to covenants, restrictions, ordinances,
easements, and limited access provisions of record;
and,
I
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 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 3rd day f November, 2014 .
Ernest G. Clark, Mayor
ATTEST:
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Suzy Sc ares, CMC
City Cl rk