HomeMy WebLinkAbout2013-337-05/06/2013Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-337
RESOLUTION APPROVING APPLICATION WITH IOWA
COMMUNITY CREDIT UNION FOR TAX EXEMPTIONS FOR
THE CONSTRUCTION OF A BANK BUILDING VALUED AT
$500,000.00 LOCATED AT 218 WEST MULLAN AVENUE
IN THE CONSOLIDATED URBAN REVITALIZATION
AREA, IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Iowa Community Credit Union has submitted an
application dated February 20, 2013 to the City Council of the
City of Waterloo, Iowa, requesting to receive tax exemptions for
the construction of a bank building valued at $500,000.00 located
at 218 West Mullan Avenue, more fully described as follows:
Property to be Improved
Lot 29, except the Northwesterly one and one-half (13z)
feet thereof, in "Auditor's Falls Avenue and Mullan
Avenue Plat," in the City of Waterloo, Black Hawk
County, Iowa;
Building Site
Lot 29, except the Northwesterly ninety (90) feet
thereof, in "Auditor's Falls Avenue and Mullan Avenue
Plat," in the City of Waterloo, Black Hawk County,
Iowa;
Abuttina Land
The Northwesterly ninety (90) feet of Lot 29, except
the Northwesterly one and one-half (1-z) feet thereof,
in "Auditor's Falls Avenue and Mullan Avenue Plat," in
the City of Waterloo, Black Hawk County, 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 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 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 three-
year exemption schedule:
For the first year 1000
For the second year 1000
For the third year 1000
Resolution No. 2013-337
Page 2
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 6th d7/a/,y of May, 2013.
nest G. Clark, Mayor
ATTEST:
Su-* cha es, CMC
City Clerk