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HomeMy WebLinkAbout2016-73-9/19/2016 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323. RESOLUTION NO. 2016-738 RESOLUTION APPROVING APPLICATION WITH JOSH DICKEN & LINDSEY SCHULER FOR TAX EXEMPTIONS ON THE CONSTRUCTION A NEW SINGLE FAMILY HOME VALUED AT $278,094 FOR PROPERTY LOCATED AT 1148 PARTRIDGE LANE, AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA (CLURA), IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. WHEREAS, Josh Dicken & Lindsey Schuler have submitted an application dated August 10, 2016 to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for the construction of a new single family home valued at $278,094 for property located at 1148 Partridge Lane, more fully described as follows: AUDUBON HEIGHTS 5TH ADDITION LOT 19, WATERLOO, BLACK HAWK COUNTY, IOWA. Subject to easements, restrictions, covenants, ordinances and limited access provisions of records; 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 improvements are 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 100% For the second year 100% For the third year 100% 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 19''day of September, 2016. Quentin Hart, Mayor Resolution No. 2016-738 Page 2 ATTEST: elley Fel le Deputy City Clerk