HomeMy WebLinkAbout2014-996-11/24/2014 YL
Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2014-996
RESOLUTION APPROVING APPLICATION WITH MUJO
SABIC FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW SINGLE FAMILY HOME VALUED AT
$150, 000 FOR PROPERTY LOCATED AT 1922 MARTIN
LUTHER KING JR. DRIVE IN THE CONSOLIDATED
URBAN REVITALIZATION AREA (CURA) , IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Mujo Sabic has submitted an application dated
November 6, 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 $150, 000 for property located
at 1922 Martin Luther King Jr. Drive, more fully described as
follows :
Parcels "J" and "K" of Plat of Survey filed as Doc. No.
2012-00014827, being a part of the Southeast Quarter of
Section 19, Township 89 North, Range 12 West of the
Fifth Principal Meridian, 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 1000
For the second year 1000
For the third year 1000
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. 2014-996
Page 2
PASSED AND ADOPTED this 24th day of November, 2014 .
-!al
E est or G. ark Ma
y
ATTEST:
Suzy Sch res, CMC
City Cler