HomeMy WebLinkAbout2014-072-02/03/2014Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2014-072
RESOLUTION APPROVING APPLICATION WITH GERALD
FRIES FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW GARAGE VALUED AT $15,224.00 FOR
PROPERTY LOCATED AT 118 LELAND AVENUE IN THE
CONSOLIDATED URBAN REVITALIZATION AREA
(LURA), IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Gerald Fries has submitted an application dated
January 10, 2014 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on the construction of
a new garage valued at $15,224.00 for property located at 118
Leland Avenue, more fully described as follows:
Lot No. 5 except the Northerly 97
Westerly 20 feet of Lot 15 and the
Lot No. 16, all in Block No. 2 i
Waterloo, Iowa.
feet thereof; the
Easterly 45 feet of
n "Leland Park" in
Subject to easements, restrictions, covenants,
ordinances and limited access provisions of records;
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 (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
For the second year
For the third year
100%
100%
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.
Resolution No. 2014-072
Page 2
PASSED AND ADOPTED this 3rd
day
f
February, 2014.
44)
Er
est
G.
Clark, Mayor
ATTEST:
Suzy Scha es, CMC
City Cler