HomeMy WebLinkAbout2014-009-1 /13/2014h
Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2014-009
RESOLUTION APPROVING APPLICATION WITH ADELA
LOPEZ CARRILLO FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $133,000.00 FOR PROPERTY LOCATED AT
921 WEST PARKER STREET IN THE CONSOLIDATED
URBAN REVITALIZATION AREA (LURA), IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Adela Lopez Carrillo has submitted an application
dated December 23, 2013 to the City Council of the City of
Waterloo, Iowa, requesting to receive tax exemptions for the
construction of a new single family home valued at $133,000.00
for property located at 921 West Parker Street, more fully
described as follows:
Track 6 of plat of Survey Doc. 2012-23383 being a part
of Lots 6 and 7, Block 14 Second Addition to Grand View
Place, in the City of Waterloo, Black Hawk County,
Iowa;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area (CURA) 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 10 -year
partial exemption schedule:
For
the
first
year
80%
For
the
second
year
70%
For
the
third
year
60%
For
the
fourth
year
50%
For
the
fifth
year
40%
For
the
sixth
year
40%
For
the
seventh
year
30%
For
the
eighth
year
30%
For
the
ninth
year
20%
For
the
tenth
year
20%
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. 2014-009
Page 2
PASSED AND ADOPTED this 13th d ?of January, 2014.
rnest G. Clark, Mayor
ATTEST:
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City Cler