HomeMy WebLinkAbout2014-034-01/21/2014Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2014-034
RESOLUTION APPROVING APPLICATION WITH ANTHONY
L. HUFF FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW COMMERCIAL BUILDING
VALUED AT $135,000.00 FOR PROPERTY LOCATED AT
621-623 ANSBOROUGH AVENUE IN THE CONSOLIDATED
URBAN REVITALIZATION AREA (LURA), IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Anthony L. Huff has submitted an application dated
February 14, 2013 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on the construction of
a new commercial building valued at $135,000.00 for property
located at 621-623 Ansborough Avenue, more fully described as
follows:
Lots 18 thru 23, inclusive, First Addition to Galloway
in the City of Waterloo, Iowa, except the West 35 feet
in even width thereof;
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 (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 (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. 2014-034
Page 2
PASSED AND ADOPTED this 21St day of January, 2014.
, � a �r am/
gi-nest G. Clark, Mayor
ATTEST:
Suzy Schres, CMC
City Cle k