HomeMy WebLinkAbout2014-1035-12/15/2014 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2014-1035
RESOLUTION APPROVING APPLICATION WITH TIM
JOHNSON FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF NEW STORAGE BUILDINGS VALUED
AT $210, 000 FOR PROPERTY LOCATED AT 712
ANSBOROUGH AVENUE IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA) , IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Tim Johnson has submitted an application dated
December 8, 2014 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on the construction of
new storage buildings valued at $210, 000 for property located at
712 Ansborough Avenue, more fully described as follows:
A part of the Southeast Quarter of the Northeast
Quarter of the Southeast Quarter of Section No. 21,
Township No. 89 North, Range No. 13 West of the Fifth
Principal Meridian, in Black Hawk County, Iowa
described as follows:
Beginning at the Southeast corner of the Northeast
Quarter of the Southeast Quarter of said Section;
thence North along the center of Ansborough Avenue 4
rods; thence West along a line that is parallel with
the South line of said Northeast Quarter 40 rods;
thence South along a line that is parallel with the
center line of Ansborough Avenue 4 rods to the South
line of said Northeast Quarter; thence East along the
South line of said Northeast Quarter 40 rods to the
point of beginning, except Parcel K of Plat of Survey
Doc. No. 2008001283 being a part of the Southeast
Quarter of the Northeast Quarter of the Southeast
Quarter of Section 21, Township 89 North, Range 13 West
of the Fifth Principal Meridian, in Black Hawk County,
Iowa;
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 100%
For the second year 100%
For the third year 100%
1
Resolution No. 2014-1035
Page 2
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 15th day of December, 2014 .
Er st G. Clark, Mayor
ATTEST:
t p
Suzy Sc ares, CMC
City Cl rk