HomeMy WebLinkAbout2019-304-05/06/2019Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2019-304
RESOLUTION APPROVING THE REQUEST OF GENE AND
MONA STORM FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF HOME IMPROVEMENTS VALUED AT
$66,643.50 FOR A PROPERTY LOCATED AT 1022 SHORT
STREET, AND LOCATED WITHIN THE CONSOLIDATED
URBAN REVITALIZATION AREA (CURA).
WHEREAS, Gene and Mona Storm have submitted an application dated May 11, 2019,
to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on the
construction of home improvements valued at $66,643.50 for a property located at 1022 Short
Street, and located in the Consolidated Urban Revitalization Area (CURA), more fully described
as follows:
PARCEL "F" AND "G" OF PLAT SURVEY FILLED IN DOC. #2005-24673
BEING PART OF THE SOUTHWEST QUARTER OF THE NORTHEAST
QUARTER OF SECTION 29, TOWNSHIP 89 NORTH, RANGE 12 WEST OF
THE FIFTH PRINCIPLE MERIDIAN, 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 confoance 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. 2019-304
Page 2
PASSED AND ADOPTED this 6th day of May 2019.
ATTEST:
elley Fele
City Clerk
Quentin Hart, Mayor