HomeMy WebLinkAbout2014-318-05/05/2014Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2014-318
RESOLUTION APPROVING APPLICATION WITH LUTHER
T. HOLMES FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $133,000.00 FOR PROPERTY LOCATED AT
903 W. PARKER STREET IN THE CONSOLIDATED
URBAN REVITALIZATION AREA (LURA), IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Luther T. Holmes has submitted an application dated
April 18, 2014 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 $133,000.00 for property located at
903 W. Parker Street, more fully described as follows:
Lot 10 and that part of Lot 9 lying East of a line
beginning 12.97 feet West of the Northeast corner of
said Lot 9 and thence Southerly to the point of
termination of said line 13.83 feet West of the
Southeast corner of said Lot 9, Block 14, Second
Addition to Grand View Place, Waterloo, Iowa;
Subject to covenants, restrictions, ordinances,
easements, and limited access provisions of record;
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 (CURA) 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 (CURA) 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
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. 2014-318
Page 2
PASSED AND ADOPTED this 5th day of April, 2014.
—14,11 1 �� A/
Ernest G. Clark, Mayor
ATTEST:
Suzy Schs, CMC
City Cle k