HomeMy WebLinkAbout2012-351-04/23/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-351
RESOLUTION APPROVING APPLICATION WITH DAWN
BOVY FOR TAX EXEMPTIONS ON IMPROVEMENTS
TOTALING $200,000.00 FOR PROPERTY LOCATED AT
5732 SUMMERLAND DRIVE IN THE CITY LIMITS
URBAN REVITALIZATION AREA (CLURA), IN THE
CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Dawn Bovy has submitted an application dated
March 11, 2012 to the City Council of the City of Waterloo, Iowa,
requesting to receive tax exemptions on improvements totaling
$200,000.00 for property located at 5732 Summerland Drive, more
fully described as follows:
Lot 64 in Summerland Park First Addition, in the City
of Waterloo, 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 improvement 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 improvements on said property were 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
For the second year
For the third year
1000
1000
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.
PASSED AND ADOPTED this 23rd day of April, 2012.
Ernest G. Clark, Mayor
ATTEST:
Suzy Schares, CMC
City Clerk