HomeMy WebLinkAbout2018-059-2/5/2018Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-059
RESOLUTION APPROVING THE REQUEST OF TYRUS
MEESTER FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW HOME VALUED AT $245,000
FOR PROPERTY LOCATED AT 205 OGDEN STREET
AND LOCATED WITHIN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA).
WHEREAS, Tyrus Meester has submitted an application dated December 19, 2017, to
the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on the
construction of a new home valued at $245,000 for property located at 205 Ogden Street, and
located in the City Limits Urban Revitalization Area (CURA), more fully described as follows:
AUDITOR RAINBOWS PLAT MAYWOOD SECOND FILING LOTS 13
THRU 15 BLK 24 AND S 10 FT OF VAC ALLEY THAT ABUTS SAME, 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 new home construction 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 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 5th day of February 2018.
Quentin Hart, Mayor
Resolution No. 2018-059
Page 2
ATT'ST
Kelley Fel y 1
City Clerk