HomeMy WebLinkAbout2015-60-1/26/2015 Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2015-60
RESOLUTION APPROVING APPLICATION WITH MICHAEL
HOY FOR TAX EXEMPTIONS FOR A KITCHEN AND BATH
REMODEL VALUED AT $18, 000 . 00 FOR PROPERTY
LOCATED AT 335 ALMOND STREET IN THE
CONSOLIDATED URBAN REVITALIZATION AREA
(LURA) , IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Michael Hoy has submitted an application dated
January 14, 2015 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for a kitchen and bath
remodel valued at $18, 000 . 00 for property located at 335 Almond
Street, more fully described as follows:
The West 51 feet of Lot No. 4 in Block No. 65 in The
Cooley Addition to Waterloo, 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 interior remodel 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 interior remodel 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 10-year
partial exemption schedule:
For the first year 800
For the second year 700
For the third year 600
For the fourth year 500
For the fifth year 400
For the sixth year 400
For the seventh year 300
For the eighth year 300
For the ninth year 200
For the tenth year 200
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. 2015-60
Page 2
PASSED AND ADOPTED this 26th day of January, 2015 .
e'st
G. Clark, Mayor
ATTEST:
Suzy Schres, CMC
City Cle k