HomeMy WebLinkAbout2012-763-08/06/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-763
RESOLUTION APPROVING APPLICATION WITH ARIC
AND JOYCE SCHROEDER FOR TAX EXEMPTIONS ON
IMPROVEMENTS TOTALING $355,349.00 FOR
PROPERTY LOCATED AT 1939 PARTRIDGE LANE IN
THE CITY LIMITS URBAN REVITALIZATION AREA
(CLURA), IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Aric and Joyce Schroeder have submitted an
application dated July 11, 2012 to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemptions on
improvements totaling $355,349.00 for property located at 1939
Partridge Lane, more fully described as follows:
Lot 12 of Audubon Park 5th Addition, City of Waterloo,
Iowa;
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 improvement 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 improvements on said property were 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
For the second year
For the third year
1000
1000
1000
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
ATTEST:
~4d
Suzy S hares, CMC
City C erk
6th day of August, 2012.
Ernest G. Clark, Mayor