HomeMy WebLinkAbout2014-319-05/05/2014Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2014-319
RESOLUTION APPROVING APPLICATION WITH C AND S
PROPERTIES, LLC FOR TAX EXEMPTIONS ON THE
EXPANSION AND REMODEL OF BUSINESS VALUED AT
$1,363,415.00 FOR PROPERTY LOCATED AT 812
WASHINGTON STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (LURA), IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, C and S Properties, LLC has submitted an
application dated April 22, 2014 to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemptions on the
expansion and remodel of business valued at $1,363,415.00 for
property located at 812 Washington Street, more fully described
as follows:
The East 125 feet of Lot 14, except the North 135 feet
in McLendon Addition in Black Hawk County, Iowa
and
The Southeast 22.4 feet of Lot 8 and all of Lot 9 in
Auditor Francis Baker Addition to the City of Waterloo,
Iowa
and
All of Block 5 in Does Addition to the City of
Waterloo, Iowa, except that part to the City of
Waterloo as described in CLD B 635 P 910
and
Lot 1 and Lot 2 and the Southeast 30 feet of Lot 3, all
in Block 6, Does Addition to the City of Waterloo, Iowa
and
The Northwest 30 feet of Lot 3, Lot 4 and Lot 5 all in
Block 6 and the vacated alley adjacent to said lots in
Does Addition to the City of Waterloo, Iowa
Exempt from Revenue Stamps, Declaration of Value and
Groundwater Hazard Statement pursuant to 428A.1 (15);
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 (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 100%
For the second year 100%
For the third year 100%
Resolution No. 2014-319
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 5th day of April, 2014.
Ernest G. Clark, Mayor
ATTEST:
Suzy Scares, CMC
City C1 rk