HomeMy WebLinkAbout2017-573-7/24/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-573
RESOLUTION APPROVING THE REQUEST OF DARRELL
HUGGINS FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW SINGLE FAMILY HOME VALUED AT $228,400 FOR
THE PROPERTY LOCATED AT 1920 IDAHO STREET AND
LOCATED WITHIN THE CONSOLIDATED URBAN
REVITALIZATION AREA(CURA).
WHEREAS, Darrell Huggins, has submitted an application dated June 29, 2017, 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 $228,400, for the property located at 1920
Idaho Street and within the Consolidated Urban Revitalization Area (LURA), more fully
described as follows:
CITY VIEW HEIGHTS LOTS 7, 8, & 9 BLK 4, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
and,
WHEREAS, said property is located within the designated Consolidated Urban
Revitalization Area (CUBA) 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 renovations on said property were 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 o
o the fourth year 50/o
For the fifth year 40%
For the sixth year 40%
For the seventh year 30%
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.
Resolution No. 2017-573
Page 2
PASSED AND ADOPTED this 24th day of July 2017.
Quentin Hart, Mayor
ATTEST:
Kelley F 1 e
City Cle
For Office Use Only
Date Received: ir
Received by:
Staff to make a(§0y#6rFicant
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 CURA 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 1s`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: f Y U SIGNATURE:
ADDRESS:
TELEPHONE: 3��1�J�GIT�..3 DATE: 1
A. What is the Address of the property being improved? �qJ V _T
What is the Legal Description of the property?(May be available at County Recorder's Office on 2"d floor of the Courthouse)?
Ul-i( t4e_0 WeJflkis GA s 7. P J- 'T . 6 fu ds `f
B. Indicate desired exemption schedule:(1 or 2)
1. One Hundred Percent(100%)exemption for three years on the actual value added by improvements;
2. X _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)?
6th hCG m�
D. City of Waterloo Building Sand Insperctions Department Information: Q
Permit Number: Y� ` 1 Date permit was issued: `v Total permit(s)valuation: v
aa � d vj(P D �f f
E. What was the cost of the trii'tSvement.,
F. Estimated or actual date of completion of these improvements? IM0
G. If this is not a singe-family dwelli ,which you own and reside in,will these improvements create a displacement of
your tenants? Yes No
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.
Il
CIT OF WATERLOO OFFICE USE ONLY 2
APPROVED DATED: Z� (� RESOLUTION NO: (� 3
DENIED
BLACK HAWK COUNTY ASSESSOR OFFICE USE ONLY
APPROVED DATED:
T.J.Koenigsfeld
DENIED Black Hawk County Assessor