HomeMy WebLinkAbout2019-303-05/06/2019Prepared by LeAnn M Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-303
RESOLUTION APPROVING THE REQUEST OF ROBERT
FISCHEK FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW COMMERCIAL BUILDING
VALUED AT $70,000 FOR A PROPERTY LOCATED AT 444
EDISON STREET, AND LOCATED WITHIN THE
CONSOLIDATED URBAN REVITALT7ATION AREA (CURA).
WHEREAS, Robert Fischek has submitted an application dated March 26, 2019, to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on the
construction of a new commercial building valued at $70,000 for a property located at 444
Edison Street, and located in the Consolidated Urban Revitalization Area (CURA), more fully
described as follows:
CHRISTIE ADDITION BLOCK 2, LOTS 14, 15, 16, AND 17, 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 improvements are 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. 2019-303
Page 2
PASSED AND ADOPTED this 6th day of May 2019.
Quentin Hart, Mayor
ATTEST:
elley Felc ! e
City Clerk