HomeMy WebLinkAbout2018-730-10/1/2018 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-730
RESOLUTION APPROVING THE REQUEST OF PATRISHA L.
SERFLING FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF HOME IMPROVEMENTS VALUED AT
$15,000 FOR A PROPERTY LOCATED AT 642 W. PARKER
STREET, AND LOCATED WITHIN THE CONSOLIDATED
URBAN REVITALIZATION AREA (CURA).
WHEREAS, Patrisha L. Serfling has submitted an application dated August 29, 2018, to
the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on the
renovation and basement finish of a residential home valued at $15,000, for property located at
642 W. Parker Street, and located in the City Limits Urban Revitalization Area (CURA), more
fully described as follows:
EAST 100 FEET WEST 310 FEET NORTH 300 FEET SOUTH 333 FEET
SOUTHEAST NORTHEAST SOUTHWEST SECTION 14 TOWNSHIP 89
RANGE 13, UNPLATTED WATERLOO EAST 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 renovation and basement finish of a residential home 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%
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. 2018-730
Page 2
PASSED AND ADOPTED this 1St day of October 2018.
Quentin Hart, Mayor
ATTEST:
A41,�L'-
elley Fell e
City Clerk