HomeMy WebLinkAbout2018-458-6/25/2018Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-458
RESOLUTION APPROVING THE REQUEST OF PEGGY
MEGIVERN FOR TAX EXEMPTIONS ON THE
IMPROVEMENTS OF A REMODEL WITH SIDING,
WINDOWS, DECK, PATIO, WIRING, NEW BATHROOM,
AND CEILINGS VALUED AT $53,441 FOR PROPERTY
LOCATED AT 308 MAPLEWOOD STREET, AND LOCATED
WITHIN THE CONSOLIDATED URBAN REVITALIZATION
AREA (CURA).
WHEREAS, Peggy McGivern has submitted an application dated February 14, 2018, to
the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on
improvements of a remodel with siding, windows, deck, patio, wiring, new bathroom, and
ceilings valued at $53,441 for property located at 308 Maplewood Street, and located in the City
Limits Urban Revitalization Area (CURA), more fully described as follows:
CEDAR RIVER PARK LOT 6 BLK 17, 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 remodeling project respecting said property is in conformance with the
City Limits Urban Revitalization Area (CURA) Plan as officiallyadopted 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. 2018-458
Page 2
PASSED AND ADOPTED this 25th day of June 2018.
ATTEST:
lelley Fele
City Clerk
Sharon Juon, Mayor ro Tem