HomeMy WebLinkAbout2022-211-04.18.2022Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-211
RESOLUTION APPROVING THE REQUEST OF MDJNAD
INVESTMENT, LLC, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $316,427.00, FOR PROPERTY LOCATED AT
3330 LINCOLNSHIRE DRIVE, AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA (CLURA).
WHEREAS, MDJNAD Investment, LLC, submitted an application dated March 24,
2022, 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 $316,427.00, for property located at 3330
Lincolnshire Drive, and located in the City Limits Urban Revitalization Area (CLURA), more
fully described as follows:
LINCOLNSHIRE ADDITION LOT 10, CITY OF WATERLOO, BLACK
HAWK COUNTY, IOWA
Subject to easements, restrictions, covenants, ordinances and limited access provisions of
records, 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 new construction 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 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 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 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 18th day of April 2022.
Ray Feuss, Mayor Pro Tem
Resolution No. 2022-211
Page 2
ATTEST:
LeAnn M. Even, CMC, IaCMC
Deputy City Clerk
SEAL