HomeMy WebLinkAbout2013-24-01/14/2013Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-24
RESOLUTION APPROVING APPLICATION WITH IOWA
HEARTLAND HABITAT FOR HUMANITY FOR TAX
EXEMPTIONS ON THE CONSTRUCTION OF A NEW
SINGLE FAMILY HOME TOTALING $80,000.00 FOR
PROPERTY LOCATED AT 305 PEEK 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 September 7, 2012 to the City Council of the
City of Waterloo, Iowa, requesting to receive tax exemptions on
the construction of a new single family home totaling $80,000.00
for property located at 305 Peek Street, more fully described as
follows:
The East 70 feet of Lot 5, Block 3 and the East 70 feet
of Lot 6, Block 3 of Peek's Addition of 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 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
700
For
the
third year
60%
For
the
fourth year
50%
For
the
fifth year
40%
For
the
sixth year
400
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. 2013-24
Page 2
PASSED AND ADOPTED this 14thd of January, 2013.
'-j , ��/' 2
est G. Clark, Mayor
ATTEST:
Suzy Scharvs, CMC
City Clerk