HomeMy WebLinkAbout2013-22-01/14/2013Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-22
RESOLUTION APPROVING APPLICATION WITH IOWA
HEARTLAND HABITAT FOR HUMANITY FOR TAX
EXEMPTIONS ON THE REHABILITATION OF A SINGLE
FAMILY HOME TOTALING $40,000.00 FOR PROPERTY
LOCATED AT 325 LANE STREET 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 January 3, 2013 to the City Council of the
City of Waterloo, Iowa, requesting to receive tax exemptions on
the rehabilitation of a single family home totaling $40,000.00
for property located at 325 Lane Street, more fully described as
follows:
Lot 1, Block 3, Lane and Fowler's Addition to Waterloo,
East side of Cedar River, Black Hawk County, Iowa and
Lot 1, in W.L. Illingworth's Addition to the City of
Waterloo, 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 rehabilitation 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 rehabilitation 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
60%
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. 2013-22
Page 2
PASSED AND ADOPTED this 14th day of January, 2013.
nest �IGI 1 Zar k Mayor
ATTEST:
i
Suzy Sch res, CMC
City Clerk