HomeMy WebLinkAbout2018-460-6/25/2018Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-460
RESOLUTION APPROVING THE REQUEST OF JACK
REGAN FOR TAX EXEMPTIONS ON THE IMPROVEMENTS
OF A REMODEL WITH SIDING, WINDOWS, FURNACE, AIR
CONDITIONER, AND WATER HEATER VALUED AT $34,455
FOR PROPERTY LOCATED AT 3127 MULBERRY STREET,
AND LOCATED WITHIN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA).
WHEREAS, Jack Regan has submitted an application dated June 12, 2018, to the City
Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on
the improvements of a remodel with siding, windows, furnace, air conditioner, and water heater
valued at $34,455 for property located at 3127 Mulberry Street, and located in the City Limits
Urban Revitalization Area (CURA), more fully described as follows:
UNPLATTED WLOO EAST PT SE NE SEC 29 T 89 R 12 DES AS COM AT A
PT 1006.4 FT W & 25 FT S OF NE COR SE 1/4 NE 1/4 SEC 29 TH W ALONG
A LINE PAR WITH E & W CENTER LINE OF NE 1/4 SEC 29 60 FT TH S
ALONG A LINE PAR WITH N & S CENTER LINE SEC 29 185 FT TH E
ALONG A LINE PAR WITH E & W CENTER LINE OF SEC 29 60 FT TH N
ALONG A LINE PAR WITH N & S CENTER LINE SEC 29 185 FT TO BEG,
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 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%
Resolution No. 2018-460
Page 2
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 25th day of June 2018.
A'`TEST:
elley Fel
City Clerk
Sharon Juon, Mayor Pro Tem