HomeMy WebLinkAbout2014-321-05/05/2014Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2014-321
RESOLUTION APPROVING APPLICATION WITH C AND S
PROPERTIES, LLC FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW PARKING LOT VALUED AT
$41,302.00 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
construction of a new parking lot valued at $57;085,00 for
property located at 828 South Street, more fully described as
follows:
The East 125 feet of Lot 14, except the Orth 135° feet
in McLendon Addition in Black Hawk Cou wa
and
The Southeast 22.4 feet of Lot 8 and al f L 9 in
Auditor Francis Baker Addition to th'e City terloo,
Iowa
and
All of Block 5 in Does dition to the City of
Waterloo, Iowa, except that art,to the City of
Waterloo as described in P 910
and
Lot 1 and Lot 2 and the Sou ast feet of Lot 3, all
in Block 6, Does Additidn to e City of Waterloo, Iowa
and
The Northwest 30reCityJof
of Lot 3, Lot 4
Block 6 and thed ley adjacent
Does Addition to Waterloo,
Exempt frc
Groundwate
and,
WHE S,
Consoli cA
as previou
Waterloo,; Io
WHEREAS,
property is
Revitalization
Council for the
the
in
Area
Cit
and Lot 5 all in
to said lots in
Iowa
RUBMaps, Declaration of Value and
tatement pursuant to 428A.1 (15);
property is
Revitalization
dished by the
located within the designated
Area (LURA) in Waterloo, Iowa,
City Council of the City of
ynew construction project respecting
conformance with the Consolidated
(LURA) Plan as officially adopted by the
of Waterloo, Iowa, and
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 (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 100%
For the third year 1000
Resolution No. 2014-321
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:
Suzy Schares, CI
City Clerk
rnest G. Clark, Mayor