HomeMy WebLinkAbout2017-321-5/1/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo,IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-321
RESOLUTION APPROVING THE REQUEST OF LORETTA K.
BRIMMER FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW GARAGE VALUED AT $4,563 FOR THE PROPERTY
LOCATED AT 1133 COLUMBIA STREET AND LOCATED
WITHIN THE CONSOLIDATED URBAN REVITALIZATION
AREA (CURA).
WHEREAS, Loretta K. Brimmer has submitted an application dated April 17, 2017 to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction
of a new garage valued at $4,563 for the property located at 1133 Columbia Street and located
within the Consolidated Urban Revitalization Area(CURA), more fully described as follows:
Litchfield Addition Lot 16 Block 11, IN THE CITY OF WATERLOO, BLACK
HAWK COUNTY, IOWA,
and,
WHEREAS, said property is located within the designated Consolidated Urban
Revitalization Area (CURA) 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 (CURA) 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 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 1St day of May 2017.
Ron Welper,Mayor Pro Tem
ATTEST:
—N Pk M - �
Let�t*
Even, MC, ICMC
Deity Clerk
For Office Use Only
Received by:
Staff to date stamp and make a
copy for applicant
CONSOLIDATED URBAN REVITALIZATION AREA
APPLICATION FOR PROPERTY TAX EXEMPTION FOR IMPROVEMENTS UNDER THE PROVISIONS OF THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN ADOPTED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO.
The Consolidated Urban Revitalization Area(CURA)allows property tax exemptions on improvements to property located
within its boundaries that meet the following criteria:
1. At least a 10%improvement to the value of the residential property. At least a 15%improvement to the value of
commercial property if a building was previously on the site. If commercial property was previously vacant,all actual
value added by the improvements is eligible for tax exemption.
2. Be located within the CUBA boundaries(a map of which can be obtained from the City of Waterloo Community Planning
&Development Department.)
3. This application must be filed with City prior to the I"working day of February following the year when the improvements
are completed to comply with the timeline of the State Code of Iowa,Section 404.4 unnumbered paragraph 2. However,a
single application maybe filed upon completion of an entire project requiring more than one year to constructor complete,
providing prior approval has been granted by the City Council or County Board of Supervisors.
Please fill out the following information for your application to be submitted to the City Council.
NAME: 4C:/q� t '� SIGNATURE: lV�/
ADDRESS: P Y GIG
TELEPHONE: — DATE: `
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A. What is the Address of the property being improved? 7—4=3 CoCt. b
W hat is the Legal Descripti n o he pro er ?(May be available at County Recorder's Office on 2,d floor of the Courthouse)?
�y�c11A107_Een LoT It
B. Indicate desired exemption schedule:(I or 2)
1. One Hundred Percent(100%)exemption for three years on the actual value added by improvements;
2. A partial exemption on the actual value added by improvements according to the following schedule:
a. First Year----------80% d. Fourth Year-------50% g. Seventh Year------30%
b. Second Year------70% e. Fifth Year---------40% h. Eighth Year-------30%
c. Third Year---------60% f Sixth Year---------40% i. Ninth Year---------20%
j. Tenth Year---------20%
C. What was the nature of the improvement(s)?
G Cc r�5
D. City of Waterloo Building and Inspections Department Information: f /
Permit Number: �_ &j�Date permit was issued: r 7 Total permits)valuation: I()_`i�� 3
E. What was the cost of the improvement? T
F. Estimated or actual date of completion of these improvements? J GI ` �
G. If this is not a singe-family dwelling nit, h you own and reside in,will these improvements create a displacement of
your tenants? Yes No
CITY PF WATERLOO
APPROVED DATED: RESOLUTIONNO: -LOL-7 J Z�
DENIED
BLACK HAWK COUNTYASSESSOR
APPROVED DATED:
T.J.Koenigsfeld
DENIED Black Hawk County Assessor
Note: The improvements to your home or business may not change the assessed value.
Note: City Council approval does not guarantee tax exemptions. The application must be reviewed and approved by the
Black Hawk County Assessor's Office for criteria eligibility.