HomeMy WebLinkAbout2018-729-10/1/2018Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-729
RESOLUTION APPROVING THE REQUEST OF SHAWN
HOOSMAN FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF HOME IMPROVEMENTS VALUED AT
$13,000 FOR A PROPERTY LOCATED AT 333 WENDELL
COURT, AND LOCATED WITHIN THE CONSOLIDATED
URBAN REVITALIZATION AREA (CURA).
WHEREAS, Shawn Hoosman 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 remodel
and basement finish of a residential home valued at $13,000, for property located at 333 Wendell
Court, and located in the Consolidated Urban Revitalization Area (CURA), more fully described
as follows:
URBAN ACRES LOT 17 NORTH 20 FEET OF LOT 16, WATERLOO, BLACK
HAWK COUNTY, IOWA.
and,
WHEREAS, said property is located within the designated Consolidated Urban
Revitalization Area (CURA) in Waterloo, Iowa, as previously established by the City Council of
the City of Waterloo, Iowa, and
WHEREAS, the remodel and basement fmish of a residential home is in conformance
with the Consolidated 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 Consolidated Urban
Revitalization Area (CUBA) 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. 2018-729
Page 2
Quentin Hart, Mayor
ATTEST:
elley F hle
City Cler