HomeMy WebLinkAbout2014-422-06/02/2014Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2014-422
RESOLUTION APPROVING APPLICATION WITH C AND S
PROPERTIES, LLC FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW PARKING LOT VALUED AT
$41,302.00 FOR PROPERTY LOCATED ALONG 7TH
STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA), 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 $41,302.00 for
property located along 7th Street, more fully described as
follows:
Does Addition SW 40 ft Lot 1 Block 13.
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 (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 (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 three-
year exemption schedule:
For the first year 100%
For the second year 100%
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. 2014-422
Page 2
PASSED AND ADOPTED this 2nd day o une, 2014.
Ernest G. Clark, ftayor
ATTEST:
Suzy Scha e , CMC
City Clerk