HomeMy WebLinkAbout2014-421-06/02/2014Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2014-421
RESOLUTION APPROVING APPLICATION WITH C AND S
PROPERTIES, LLC FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW PARKING LOT VALUED AT
$57,085.00 FOR PROPERTY LOCATED AT THE
SOUTHWEST CORNER OF 7TH STREET AND SOUTH
STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (LURA), IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, C and S Properties, LLC has submitted an
application dated April 22, 2014 to the City Council of the City
of Waterloo, Iowa, requesting to receive tax exemptions on the
construction of a new parking lot valued at $57,085.00 for
property located at southwest corner of 7th Street and South
Street, more fully described as follows:
The Northeasterly 100' of Lot No. 1 in Block No. 13 in
Doe's Addition, Waterloo, Iowa.
Exempt from Revenue Stamps, Declaration of Value and
Groundwater Hazard Statement pursuant to 428A.1 (15);
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area (CUBA) 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 1000
For the second year 1000
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. 2014-421
Page 2
PASSED AND ADOPTED this 2nd day of June, 2014.
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E nest G. Clark, Mayor
ATTEST:
Suzy Sc h s, CMC
City Cle k