HomeMy WebLinkAbout2016-849-10/24/2016 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2016-849
RESOLUTION APPROVING APPLICATION WITH TODD
PETERSON FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW HOME VALUED AT $1,000,000
FOR PROPERTY LOCATED AT 1937 KITTY HAWK DRIVE,
AND LOCATED IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA), IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Todd Peterson has submitted an application dated October 11, 2016 to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for the
construction of a new home valued at $1,000,000 for property located at 1937 Kitty Hawk Drive,
more fully described as follows:
AUDUBON HEIGHTS SECOND ADD LOT 12 AND 13, CITY OF 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 100%
For the second year 100%
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.
PASSED AND ADOPTED this 24th day of October, 2016.
Quentin Hart, Mayor
Resolution No. 2016-849
Page 2
ATTEST:
elley Fel le
City Clerk