HomeMy WebLinkAbout2021-355-06.07.2021Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2021-355
RESOLUTION APPROVING THE REQUEST BY LJ'S
WELDING FOR TAX EXEMPTIONS ON A COMMERCIAL
BUILDING WITH IMPROVEMENTS VALUED AT $221,384,
FOR PROPERTY LOCATED AT 141 CENTER STREET, AND
LOCATED IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA).
WHEREAS, LJ's Welding, has submitted an application dated May 3, 2021, to the City
Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on a commercial
building with improvements valued at $221,384, for property located at 141 Center Street, and
located in the Consolidated Urban Revitalization Area (CURA), more fully described as follows:
LOT NO. TWENTY (20) BLOCK NO. TWELVE (12), IN LITCHFIELD
ADDITION TO WATERLOO, IOWA;
LOT TEN (10) AND LOT ELEVEN (11) KENTZELMAN'S ADDITION TO
WATERLOO, IA;
LOT (2) AND LOT THREE (3) AUDITOR RAINBOW'S LOGAN AVENUE &
BELT LINE PLAT EXCEPT THAT PART DEEDED TO THE CITY
WATERLOO AS DESCRIBED IN BOOK 619, PAGES 95 AND 97;
LOT SIX (6) AND LOT SEVEN (7) EXCEPT THE NORTH (4) OF AUDITOR
LELAND'S PLAT NO ONE (1) WATERLOO EXCEPT THAT PART DEEDED
TO THE CITY OF WATERLOO AS DESCRIBED ON BOOK 619, PAGES 95
& 97; AND
BEGINNING AT THE SOUTHWEST CORNER OF LOT 11, KENTZELMAN'S
ADDITION TO THE CITY OF WATERLOO, IOWA, THENCE N 03
DEGREES 48' 55" WEST 280.68 FEET ALONG THE WESTERLY LINE OF
SAID LOT 11, AND WESTERLY LINE OF LOT 2, AUDITOR RAINBOW'S
LOGAN AVENUE AND BELTLINE PLAT; THENCE N 89 DEGREES 49' 23"
W 23.32 FEET; THENCE SOUTHWESTERLY 41.01 FEET ALONG A 25.00
FOOT RADIUS CURVE, CONCAVE SOUTHEASTERLY, SAID CURVE
HAVE A CHORD OF 36.57 FEET AND BEARING S 43 DEGREES 10' 51" W,
THENCE S 03 DEGREES 48' 55" E 253.88 FEET ALONG THE EASTERLY
LINE OF UTICA STREET TO THE INTERSECTION OF SAID EASTERLY
LINE OF UTICA WITH THE NORTH LINE OF EDWARDS STREET;
THENCE S 89 DEGREES 49' 23" E 50.12 FEET ALONG THE NORTH LINE
OF EDWARDS STREET TO THE POINT OF BEGINNING, A/K/A PARCEL J.
Subject to easements, restrictions, covenants, ordinances and limited access provisions of
records, 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 construction improvements are 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 improvements on said property were made during the time in which such
Resolution No. 2021-355
Page 2
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 7th day of June 2021.
Q,,./14ii1 Hc,r4
Quentin Hart, Mayor
ATTEST:
Ke&le .etch/e
Kelley Felchle, City Clerk
SEAL