HomeMy WebLinkAbout2014-192-3/24/2014Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2014-191
RESOLUTION APPROVING APPLICATION WITH JOSH
SCHMIDT FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $550,000.00 FOR PROPERTY LOCATED AT
4722 LUXLEY DRIVE IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA), IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Josh Schmidt has submitted an application dated
March 14, 2014 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 $550,000.00 for property located
at 4722 Luxley Drive, more fully described as follows:
Lot 5, Nottingham Second Addition, Waterloo, Black Hawk
County, Iowa.
Subject to easements, restrictions, covenants,
ordinances and limited access provisions of records;
and,
WHEREAS, said property is located within the designated City
Limits Urban Revitalization Area (CLURA) 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 City Limits Urban
Revitalization Area (CLURA) 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 City Limits Urban
Revitalization Area (CLURA) 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
For the second year
For the third year
1000
1000
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.
PASSED AND ADOPTED this 24th da f March, 2014.
Ernest G. Clark, Mayor
ATTEST:
Suzy SC ares, CMC
City Cl rk