HomeMy WebLinkAbout2014-075-02/03/2014Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2014-075
RESOLUTION APPROVING APPLICATION WITH
NEAL AND ANNA CAUGHRON FOR TAX EXEMPTIONS ON
THE CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $247,877.00 FOR PROPERTY LOCATED AT
1753 CARAS ROAD IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA), IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Neal and Anna Caughron have submitted an
application dated January 9, 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 $247,877.00
for property located at 1753 Caras Road, more fully described as
follows:
Lot No. Six (6) in Audubon Park Fourth Addition,
Waterloo, Black Hawk County, Iowa.
Subject to easements, restrictions, covenants,
ordinances and limited access provisions of record;
and,
WHEREAS, said property is located within the designated City
Limits Urban Revitalization Area (CLURA) 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 City Limits Urban
Revitalization Area (CLURA) 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 construction is eligible for the
tax exemption as set forth in the City Limits Urban
Revitalization Area (CLURA) 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%
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. 2014-075
Page 2
PASSED AND ADOPTED this 3rd day of February, 2014.
f/
E nest G. Clark, Mayor
ATTEST:
Suzy Sch res, CM
City Cle k