HomeMy WebLinkAbout2022-451-07.18.2022Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2022-451
RESOLUTION APPROVING THE REQUEST OF MICHAEL
SPENCE, FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW SINGLE FAMILY HOME VALUED AT
$324,000.00, FOR PROPERTY LOCATED AT 1722 LARK
LANE, AND LOCATED IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA).
WHEREAS, Michael Spence, submitted an application dated June 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 $324,000.00, for property located at 1722 Lark Lane, and
located in the City Limits Urban Revitalization Area (CLURA), more fully described as follows:
A PART OF LOT 101 IN "HUNTINGTON PARK," BLACK HAWK COUNTY,
IOWA, NOW IN THE CITY OF WATERLOO, IOWA, DESCRIBED AS
FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF LOT 90 IN
SAID ADDITION; THENCE EAST ALONG THE NORTH LINE OF LOT 101
A DISTANCE OF 100 FEET TO THE SOUTHEAST CORNER OF LOT 90 IN
SAID ADDITION; THENCE SOUTH ALONG THE EAST LINE OF LOT 90 IF
EXTENDED A DISTANCE OF 200 FEET; THENCE WEST PARALLEL WITH
THE NORTH LINE OF LOT 101 A DISTANCE OF 100 FEET; THENCE
NORTH ALONG THE WEST LINE OF LOT 90 IF EXTENDED A DISTANCE
OF 200 FEET TO THE POINT OF BEGINNING, AND; THE WEST 5 FEET OF
THAT PART OF LOT 101 IN "HUNTINGTON PARK," BLACK HAWK
COUNTY, IOWA, NOW IN THE CITY OF WATERLOO, IOWA, DESCRIBED
AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF LOT 89;
THENCE SOUTH ALONG THE EAST LINE OF LOT 89, IF EXTENDED 200
FEET; THENCE WEST 100 FEET; THENCE NORTH 200 FEET; THENCE
EAST 100 FEET TO THE POINT OF BEGINNING.
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
Resolution No. 2022-451
Page 2
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 July 2022.
Ray Feuss, Mayor Pro Tem
ATTEST:
2(eOEey FerchI
Kelley Felchle, City Clerk