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Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2015-80
RESOLUTION APPROVING APPLICATION WITH STEVE
AND ROXANNE DROSTE FOR TAX EXEMPTIONS FOR THE
CONSTRUCTION OF AN ADDITION TO A SINGLE
FAMILY HOME AND POLE BUILDING VALUED AT
$325, 000 . 00 FOR PROPERTY LOCATED AT 1445
ARBOR LANE IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (LURA) , IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Steve and Roxanne Droste have submitted an
application dated January 26, 2015 to the City Council of the
City of Waterloo, Iowa, requesting to receive tax exemptions for
the construction of an addition to a single family home and pole
building valued at $325, 000 . 00 for property located at 1445 Arbor
Lane, more fully described as follows :
The East One-half of the Southeast Quarter of the
Northwest Quarter of Section No. 29;
The Southwest Quarter of the Southeast Quarter of the
Northwest Quarter of Section No. 29; except the West 25
feet of the South 9 acres thereof; and
The South 1 acre of the Northwest Quarter of the
Southeast Quarter of the Northwest Quarter of Section
No. 29, all in Township No. 89 North, Range No. 12 West
of the 5th P.M. , in the City of Waterloo, Black Hawk
County, Iowa; except that part of the Southeast Quarter
of the Northwest Quarter of Section No. 29 described as
follows :
Beginning at the East line of Bishop Avenue, Waterloo,
Iowa, and the North line of the South one acre of the
Northwest Quarter of the Southeast Quarter of the
Northwest Quarter of said Section No. 29, thence 300 . 0
feet East along said North line of said one acre;
thence 140 . 0 feet South parallel with the East line of
Bishop Avenue; thence 300 . 0 feet West parallel with the
North line of said one acre to the East line of Bishop
Avenue; thence 140 . 0 feet North to the point of
beginning.
AND, EXCEPT
Part of the Southwest Quarter of the Southeast Quarter
of the Northwest Quarter, Section 29, Township 89
North, Range 12 West, of the 5th P.M. , in the City of
Waterloo, Black Hawk County, State of Iowa.
Beginning at the intersection point of the Southerly
line of Northwest Quarter of said Section and the
Easterly right of way line of Bishop Avenue, a 50 foot
public right of way; thence North 00000' 00" East 590 . 13
feet along the Easterly right of way line Bishop Avenue
to a point 74 . 19 feet South of the intersection point
of the Northerly line of the Southwest Quarter, of the
Southeast Quarter, of the Northwest Quarter of said
Section and the Easterly right of way line of Bishop
Avenue; thence South 89045130" East 73 . 00 feet along a
line parallel to the Northerly line of the Southwest
Quarter, of the Southeast Quarter, of the Northwest
Quarter of said Section to the Centerline of a 80 feet
Resolution No. 2015-80
Page 2
wide Sanitary Sewer and Storm Sewer Easement, recorded
in Easement Book 4, Page 106, in the Black Hawk County
Recorders Office; thence South 69°32' 06" East 114 . 21
feet along said centerline; thence South 00°00' 00" West
550 . 57 feet along a line parallel to the Easterly right
of way line of Bishop Avenue to a point on the
Southerly line of Northwest Quarter of said Section;
thence North 89°47' 06" West 180 . 00 feet along the
Southerly line of Northwest Quarter of said Section to
the point beginning, containing 104, 084 . 23 square feet
or 2 . 349 acres;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area (LURA) in Waterloo, Iowa,
as previously established by the City Council of the City of
Waterloo, Iowa, and
WHEREAS, the construction of an addition to a single family
home and pole building respecting said property is in conformance
with the Consolidated Urban Revitalization Area (LURA) Plan as
officially adopted by the City Council for the City of Waterloo,
Iowa, and
WHEREAS, the construction of an addition to a single family
home and pole building 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 (CURA)
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 10-year
partial exemption schedule:
For the first year 80%
For the second year 70%
For the third year 60%
For the fourth year 50%
For the fifth year 40%
For the sixth year 40%
For the seventh year 300
For the eighth year 30%
For the ninth year 20%
For the tenth year 20%
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 2nd day of February, 2015 .
nest . Clark, ayor
ATTEST:
Suzy Shares, CMC
City Clerk