HomeMy WebLinkAbout2014-089-2 /10/2014Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2014-089
RESOLUTION APPROVING APPLICATION WITH TEANNA
SMART FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW SINGLE FAMILY HOME VALUED AT
$130,000.00 FOR PROPERTY LOCATED AT 927
LAFAYETTE STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (LURA), IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Teanna Smart has 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 $130,000.00 for property
located at 927 Lafayette Street, more fully described as follows:
Parcel "0" of Plat of Survey Doc. #2012-10080 being
part of Lots 8 and 9, Block 25, in the Original Plat,
on the East Side of the Cedar River, in the City of
Waterloo, Black Hawk County, Iowa.
Subject to restrictive covenants, ordinances, and
limited access provisions of record, if any, and to
existing easements, if any;
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 (CURA) 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 1000
For the second year 1000
For the third year 1000
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. 2014-089
Page 2
PASSED AND ADOPTED this 10th da of February, 2014.
v �Z'�
EY'nest G. Clark, Mayor
ATTEST:
Suzy Sc a es, CMC
City Cler