HomeMy WebLinkAbout2012-1172-12/17/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-1172
RESOLUTION APPROVING APPLICATION WITH JAMES
PRATT FOR TAX EXEMPTIONS FOR THE CONSTRUCTION
OF A NEW TWIN HOME TOTALING $95,000.00 FOR
PROPERTY LOCATED AT 1308 PINTAIL DRIVE IN THE
CITY LIMITS URBAN REVITALIZATION AREA
(CLURA), IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, James Pratt has submitted an application dated
November 12, 2012 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for the construction
of a new twin home totaling $95,000.00 for property located at
1308 Pintail Drive, more fully described as follows:
Villas of Pintail A Condominium Lots 5 and 6, Waterloo,
Black Hawk County, 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 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 construction is 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
100%
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:
zy S-hare4l, MC
City Clerk
17 th December, 2012.
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rnest G. Clark, Mayor