HomeMy WebLinkAbout2013-783-09/23/2013Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-783
RESOLUTION APPROVING APPLICATION WITH IOWA
HEARTLAND HABITAT FOR HUMANITY FOR TAX
EXEMPTIONS ON THE CONSTRUCTION OF A NEW
SINGLE FAMILY HOME VALUED AT $85,000.00 FOR
PROPERTY LOCATED AT 308 IRVING STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA
(LURA), IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Iowa Heartland Habitat for Humanity has submitted
an application dated July 31, 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 $85,000.00
for property located at 308 Irving Street, more fully described
as follows:
The West 40 feet of the South 110 feet, Lot 15, Robert
Robinsons Subdivision of the East Half of the West Half
of Lots No. 1 and 2 of Hardy and Virdens Plat of the
Southeast Quarter of Section 24, Township 89 North,
Range 13 West of the 5th P.M.;
known locally as 201 Independence Avenue, Waterloo, IA;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area (LURA) 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 Area (LURA) 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 Area (LURA) 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
800
For
the
second
year
700
For
the
third
year
600
For
the
fourth
year
500
For
the
fifth
year
400
For
the
sixth
year
400
For
the
seventh
year
30o
For
the
eighth
year
300
For
the
ninth
year
200
For
the
tenth
year
20o
Resolution No. 2013-783
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 7th d of October, 2013.
&U v
Ernest G. Clark, Mayor
ATTEST:
Suzy Scares, CMC
City ClIrk