HomeMy WebLinkAbout2014-320-05/05/2014Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2014-320
RESOLUTION APPROVING APPLICATION WITH C AND S
PROPERTIES, LLC FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW PARKING LOT VALUED AT
$57,085.00 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 exempt' s on the
construction of a new parking lot valued at $ 0 for
property located at 828 South Street, more full descr d as
follows:
The East 125 feet of Lot 14, exce
in McLendon Addition in Black Haw]
and
The Southeast 22.4 feet of Lot 8
Auditor Francis Baker Addition to
Iowa
and 44
All of Block 5 in Does Addit
Waterloo, Iowa, except that p�
Waterloo as described in CL'D B 63r._
and
Lot 1 and Lot 2 and t Southeast
in Block 6, Does Additi to the C
and
all ;of Lot' 9 in
y of„Waterloo,
to the City of
t the City of
feet of Lot 3, all
of Waterloo, Iowa
The Northwest 30 feet of L ; Lot 4
Block 6 and the vacated all adjacent
Does Addition`to the City ;of Waterloo,
Exempt fr(
Groundwate
and,
WHEREAS,
Consolidated -Ur
as pLashiously
W 5 o Iowa,
prope is
Revita ion
Council r the
operty is
Revitalization
:)lished by the
the
in
Area
Citnew construction project respecting
conformance with the Consolidated
(LURA) Plan as officially adopted by the
City
Declaration
pursuant to
located within
Area (LURA) in
City Council
of Waterloo, Iowa, and
all in
lots in
Value and
1 (15);
the designated
Waterloo, Iowa,
of the City of
said
Urban
City
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 three-
year exemption schedule:
For the first year 1000
For the second year 100%
For the third year 100%
Resolution No. 2014-320
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.
ATTEST:
Sl
C:
rnest G. Clark, Mayor