HomeMy WebLinkAbout2023-450-08.07.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-450
RESOLUTION APPROVING THE REQUEST BY FNU
DEEPIKA, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW TWIN HOME UNIT VALUED
AT $100,000.00, FOR PROPERTY LOCATED AT 4159
OMAHA AVENUE AND LOCATED IN THE CITY LIMITS
URBAN REVITALIZATION AREA (CLURA).
WHEREAS, Fnu Deepika, submitted an application dated June 23, 2023, to the City
Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on the construction
of a new twin home unit valued at $100,000.00, for property located at 4159 Omaha Avenue, and
located in the City Limits Urban Revitalization Area (CLURA), more fully described as follows:
UNIT 4159 AND THE UNDIVIDED INTEREST IN THE COMMON
ELEMENTS APPURTENANT TO SAID UNIT, IN PRAIRIE
MEADOW ESTATES, A CONDOMINIUM, PURSUANT TO THE
DECLARATION OF HORIZONTAL PROPERTY REGIME
RECORDED DECEMBER 16, 2016, AS DOC. #2017-11285, AS
AMENDED, AND BEING LAID OUT ON LOTS 1 THROUGH 7 AND
OUTLOT A IN PRAIRE MEADOW ESTATES ADDITION, 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 7th day of August 2023.
Resolution 2023-450
Page 2
ATTEST:
Kelley FelcIcle
Kelley Felchle, City Clerk
SEAL
0* INA
imam P111111!P1111
0
•
62aert cn 9-14
Quentin Hart, Mayor
DIGI (ALLY
SIGNED