HomeMy WebLinkAbout2016-829-10/17/2016 (RESCINDED 11/14/16)Rescinded by Resolution No. 2016-891 on November 14, 2016 to correct the applicant from DS
Rentals, LLC to Panther Builders.
Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2016-829
RESOLUTION APPROVING APPLICATION WITH DS
RENTALS LLC FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $260,000 FOR PROPERTY LOCATED AT 5915
SUMMERLAND DRIVE, AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA (CLURA), IN THE
CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, DS Rental LLC has submitted an application dated September 23, 2016 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 $260,000 for property located at 5915
Summerland Drive, more fully described as follows:
SUMMERLAND FARMS, LOT 86, 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 17th day of October, 2016.
Quentin Hart, Mayor
Resolution No. 2016-829
Page 2
ATTEST:
Kelley Felc
City Clerk