HomeMy WebLinkAbout2018-063-2/5/2018Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-063
RESOLUTION APPROVING THE REQUEST OF LAURA AND
RICHARD WRIGHT FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW HOME VALUED AT $155,000
FOR PROPERTY LOCATED AT 1220 ANN STREET
AND LOCATED WITHIN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA).
WHEREAS, Laura and Richard Wright have submitted an application dated January 30,
2018, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on
the construction of a new home valued at $155,000 for property located at 1220 Ann Street, and
located in the City Limits Urban Revitalization Area (CURA), more fully described as follows:
MAYWOOD 3RD ADDITION NORTH HALF LOT 52, 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
WHFREAS, 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 COUNCTT 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.
Resolution No. 2018-063
Page 2
ATTEST:-
Kelley Felchl
City Clerk
Quentin Hart, Mayor