HomeMy WebLinkAbout2012-1157-12/10/2012W
Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-1157
RESOLUTION APPROVING APPLICATION WITH IOWA
HEARTLAND HABITAT FOR HUMANITY FOR TAX
EXEMPTIONS ON NEW CONSTRUCTION TOTALING
$80,000.00 FOR PROPERTY LOCATED AT 1625
WAKONDA DRIVE IN THE CONSOLIDATED URBAN
REVITALIZATION AREA PLAN, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Iowa Heartland Habitat for Humanity has submitted
an application dated October 9, 2012 to the City Council of the
City of Waterloo, Iowa, requesting to receive tax exemptions on
new construction totaling $80,000.00 for property located at 1625
Wakonda Drive, more fully described as follows:
Greenbrier Second Addition Lot 14, in the City of
Waterloo, Black Hawk County, Iowa;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area 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 Consolidated Urban
Revitalization 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 Consolidated Urban
Revitalization 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 10 -year
partial exemption schedule:
For
the
first
year
80%
For
the
second
year
70%
For
the
third
year
600
For
the
fourth
year
50%
For
the
fifth
year
40%
For
the
sixth
year
40%
For
the
seventh
year
30%
For
the
eighth
year
30%
For
the
ninth
year
20%
For
the
tenth
year
20%
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.
Resolution No. 2012-1157
Page 2
PASSED AND ADOPTED this 10th day of December, 2012.
Ir4nest'dIGC11ark, Mayor
ATTEST:
C„
Suzy Schres, CMC
City Cle k