HomeMy WebLinkAbout2015-770-9/28/2015 Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-
4323 .
RESOLUTION NO. 2015-770
RESOLUTION APPROVING APPLICATION WITH JOSE
ANGEL BONILLA FOR TAX EXEMPTIONS ON THE
REHABILITATION OF A SINGLE FAMILY HOME VALUED
AT $151, 804 . 60 FOR PROPERTY LOCATED AT 10'27
LAFAYETTE STREET AND LOCATED WITHIN THE
CONSOLIDATED URBAN REVITALIZATION AREA
(CURA) , IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Jose Angel Bonilla has submitted an application
dated September 4, 2015 to the City Council of the City of
Waterloo, Iowa, requesting to receive tax exemptions for the
rehabilitation of a single family home valued at $151, 804 . 60 for
property located at 1027 Lafayette Street, more fully described
as follows :
The Northeasterly 55 feet of the Southeasterly 1/2 of
Lot No. 8, in Block No. 24, in the Original Plat, on
the East Side of the Cedar River, in the City of
Waterloo,, Black Hawk County, Iowa, and Southeasterly
37 . 57 feet of Lot No. 9; and the Southeasterly 37 . 57
feet of the Southwesterly 5 feet of Lot No. 8, in Block
No. 24, in the Original Plat on the East Side of the
Cedar River, in the City of Waterloo, Black Hawk
County, Iowa.
and,
WHEREAS, said property i's located within the designated
Consolidated Urban Revitalization Area (LURA) in Waterloo, Iowa,
as previously established by the City Council of the City of
Waterloo, Iowa, and
WHEREAS, the rehabilitation construction project respecting
said property is in conformance with the Consolidated Urban
Revitalization Area (LURA) Plan as officially adopted by the City
Council for the City of Waterloo, Iowa, and
WHEREAS, the rehabilitation construction on said property
was made during the time in which such improvements are eligible
for the tax exemption as set forth in the Consolidated Urban
Revitalization Area (LURA) 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 800
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 200
Resolution No. 2015-770
Page 2
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 28th day of September, 2015 .
Ernest G. Clark,- Mayor
ATTEST:
Suzy Sc ares, CMC
City Cl rk
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