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HomeMy WebLinkAbout2017-322-5/1/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2017-322 RESOLUTION APPROVING THE REQUEST OF EDIS HUDZIKIC FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A NEW SINGLE FAMILY HOME VALUED AT $197,993 FOR PROPERTY LOCATED AT 1412 HUMMINGBIRD CIRCLE, AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA(CLURA). WHEREAS, Matthew and Edis Hudzikic has submitted an application dated April 16, 2017, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction of a new single family home valued at $197,993 for property located at 1412 Hummingbird Circle, and located in the City Limits Urban Revitalization Area(CLURA),more fully described as follows: CROSSROADS ESTATES REPLAT NO. 1 LOT 78, IN THE 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 1St day of May 2017. Ron Welper, Mayor Pro Tem ATTEST: LeA M. Even 'MC, ICMC Deputy City Clerk CITY LIMITS URBAN REVITALIZATION APPLICATION FOR PROPERTY TAX EXEMPTION FOR CONSTRUCTION OF NEW ONE O `I WQr FAMILY DWELLINGS UNDER THE PROVISIONS OF THE CITY LIMITS URBAN jJ • REVITALIZATION AREA PLAN ADOPTED BY THE CITY COUNCI41F THE CITY OF WATERLOO. .� t The Ci Limits Urban Revitalization Area CLURA a 5, City ( ) Mows property tax exemptions for newly constructed A" q�Io dwellings(single family homes or duplex/twin homes)that meet the following criteria: T f r in`n". 1. Be located within the CLURA boundaries(a map of which can be obtained from the City of Waterloo Community Planning&Development Department.) 2. This application must be filed with City prior to the 1I 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 may be filed upon completion of an entire project requiring more than one year to construct or 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: � ��VN SIGNATURE: ADDRESS: TELEPHONE: S� Zy DATE: /A. What is the Address of the property being improved? �? O/Ay►rt tynq �ikyj What is the Legal Description of the property?(May be available at County Recorder's Office on 2"d floor of the Courthouse) r;^&yy"s Ec+0J'CS Ac.olyd' I Ut —4 B B. What was the nature of the improvement(s)?(must be single family homes or duplex/twin homes to qualify) rr C. City of Waterloo Building and Inspections Department Information: � Permit Number:ZO • 00011 ot)L Date permit was issued: L g' (P Total permit(s)valuation: ► , a D. What was the cost of the new construction? 1; k 0�1.L-�Q 3 E. Estimated or actual date of completion of this new construction? —1 CIT OF WATERLOO APPROVED DATED: 15—/- i7 RESOLUTION NO: 2-OC7 7 ' DENIED BLACK HAWK COUNTYASSESSOR APPROVED DATED: Tami McFarland DENIED Black Hawk County Assessor 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.