HomeMy WebLinkAbout2012-962-10/01/2012Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703.
RESOLUTION NO. 2012-962
RESOLUTION APPROVING APPLICATION WITH ERIC
ROSE FOR TAX EXEMPTIONS ON NEW CONSTRUCTION
TOTALING $300,000.00 FOR PROPERTY LOCATED AT
464-466 PROGRESS AVENUE IN THE CITY LIMITS
URBAN REVITALIZATION AREA (CLURA), IN THE
CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Eric Rose has submitted an application dated
April 2, 2012 to the City Council of the City of Waterloo, Iowa,
requesting to receive tax exemptions on new construction totaling
$300,000.00 for property located at 464-466 Progress Avenue, more
fully described as follows:
Lot No. Forty-eight (48) in Oak Park Addition, in the
City of 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 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 lst day of October, 2012.
Ernest G. Clark, Mayor
ATTEST:
Suzy Schar s, CMC /
City Cler,