HomeMy WebLinkAbout2013-890-11/04/2013Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-890
RESOLUTION APPROVING APPLICATION WITH LG
COMPANIES, LLC FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $260,000.00 FOR PROPERTY LOCATED AT
4854 YELLOWSTONE DRIVE IN THE CITY LIMITS
URBAN REVITALIZATION AREA (CLURA), IN THE
CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, LG Companies, LLC has submitted an application
dated May 17, 2013 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on the construction of
a new single family home valued at $260,000.00 for property
located at 4854 Yellowstone Drive, more fully described as
follows:
Lot 11, Klingaman Park Fourth Addition, Waterloo, Black
Hawk County, Iowa (a Re -Plat of Tract C, Klingaman Park
Third Addition);
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
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.
Resolution No. 2013-890
Page 2
PASSED AND ADOPTED this 4th day of November, 2013.
Ernest G. Clark, Mayor
ATTEST:
y S hares, CMC
City erk