HomeMy WebLinkAbout2017-823-10/9/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-823
RESOLUTION APPROVING THE REQUEST OF TOYIA T.
AMBROSE FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF BASEMENT IMPROVEMENTS,
FURNACE, AND SIDING AT $45,000 FOR A PROPERTY
LOCATED AT 905 BISHOP AVENUE AND LOCATED
WITHIN THE CONSOLIDATED URBAN REVITALIZATION
AREA (CURA).
WHEREAS, Toyia T. Ambrose has submitted an application dated August 28, 2017, to
the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on the
construction of basement improvements, furnace, and siding valued at $45,000 for property
located at 905 Bishop Avenue, and located in the City Limits Urban Revitalization Area
(CUBA), more fully described as follows:
BEHM ADDITION WLOO LOT 10, IN THE CITY OF WATERLOO, BLACK
HAWK COUNTY, IOWA.
and,
WHEREAS, said property is located within the designated City Limits Urban
Revitalization Area (CURA) in Waterloo, Iowa, as previously established by the City Council of
the City of Waterloo, Iowa, and
WHEREAS, the home improvements project respecting said property is in conformance
with the City Limits Urban Revitalization Area (CURA) Plan as officially adopted by the City
Council for the City of Waterloo, Iowa, and
WHEREAS, the improvements on said property were made during the time in which such
improvements are eligible for the tax exemption as set forth in the City Limits 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 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. 2017-823
Page 2
PASSED AND ADOPTED this 9th day of October 2017.
e Quentin Hart, Mayor
ATTEST:
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Le M. E , CMC, IaCMC
Deput City Clerk