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HomeMy WebLinkAbout2024-046-02.05.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2024-046 RESOLUTION APPROVING THE REQUEST BY JOE ROBSON RENTALS, LLC, FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A NEW TWIN HOME UNIT VALUED AT $170,000.00, FOR PROPERTY LOCATED AT 4402 MOURNING DOVE DRIVE AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA (CLURA). WHEREAS, Joe Robson Rentals, LLC has submitted an application dated January 19, 2024, 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 $170,000.00, for property located 4402 Mourning Dove Drive, and located in the City Limits Urban Revitalization Area (CLURA), more fully described as follows: PRAIRIE MEADOW ESTATES A CONDOMINIUM, UNIT 4402, 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. Ray Feuss, Mayor Pro Tem Resolution No. 2024-046 Page 2 ATTEST: Kelley Felchle Kelley Felchle, City Clerk SEAL