HomeMy WebLinkAbout2018-728-10/1/2018 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-728
RESOLUTION APPROVING THE REQUEST OF RYAN
WILKINSON FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF ANEW SINGLE FAMILY DWELLING
VALUED AT $200,000 FOR PROPERTY LOCATED AT 121
OGDEN AVENUE, AND LOCATED WITHIN THE
CONSOLIDATED URBAN REVITALIZATION AREA(CURA).
WHEREAS, Ryan Wilkinson has submitted an application dated April 19, 2018, to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions new
construction of a single family home valued at $200,000 for property located at 121 Ogden
Avenue, and located in the City Limits Urban Revitalization Area (CURA), more fully described
as follows:
AUDITOR RAINBOWS PLAT MAYWOOD SECOND FILING LOTS 9 THRU
12 BLOCK 23, 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 construction of a single family home is in conformance with the
City Limits Urban Revitalization Area(LURA) 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.
PASSED AND ADOPTED this 1St day of October 2018.
Resolution No. 2018-728
Page 2
LV�
Quentin Hart, Mayor
ATTEST:
Nelleyyelchl
City Clerk