HomeMy WebLinkAbout2018-801-11/5/2018 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2018-801
RESOLUTION APPROVING THE REQUEST OF CRAIG W.
REAGAN FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A GARAGE VALUED AT $21,330 FOR
A PROPERTY LOCATED AT 910 W. 7TH STREET, AND
LOCATED WITHIN THE CONSOLIDATED URBAN
REVITALIZATION AREA(CURA).
WHEREAS, Craig W. Reagan has submitted an application dated October 10, 2018, to
the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on the
construction of a garage valued at $21,330 for property located at 910 W. 7th Street, and located
in the Consolidated Urban Revitalization Area(CURA), more fully described as follows:
THE NORTHWEST 50 FEET OF LOT 12 BLOCK 5, THE NORTHEAST 25
FEET OF THE SOUTHEAST 90 FEET OF LOT 12 BLOCK 5, AND THE
SOUTHWEST 10 FEET OF THE SOUTHEAST 90 FEET OF LOT 13 BLOCK
5, JOHNSON'S ADDITION, IN THE CITY OF 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 construction of a garage 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 (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. 2018-801
Page 2
PASSED AND ADOPTED this 5th day of November 2018.
Quentin Hart, Mayor
ATTV-STL
Kel ey Felchle f i
City Clerk