HomeMy WebLinkAbout2024-037-02.05.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-037
RESOLUTION APPROVING THE REQUEST BY ACO
CONSTRUCTION, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE-FAMILY HOME
VALUED AT $180,000.00, FOR PROPERTY LOCATED AT
4429 CHARM DRIVE AND LOCATED IN THE CITY LIMITS
URBAN REVITALIZATION AREA (CLURA).
WHEREAS, ACO Construction has submitted an application dated January 2, 2024, to
the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for the
construction of a new single-family home valued at $180,000.00, for property located at 4429
Charm Drive, and located in the City Limits Urban Revitalization Area (CLURA), more fully
described as follows:
LOTS 4 AND 5 IN SOUTHLAND PARK SIXTH ADDITION, A REPLAT OF
LOTS C-5 AND C-6 OF THE SOUTHLAND PARK THIRD ADDITION, IN
THE 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 5th day of February 2024.
R,.7
DIGITALLY
Fe-V55 SIGNED
Ray Feuss, Mayor Pro Tem
Resolution No. 2024-037
Page 2
ATTEST:
7.1-ey FeCchle
Kelley Felchle, City Clerk
SEAL
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