HomeMy WebLinkAbout2020-30-01/21/2020 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2020-30
RESOLUTION APPROVING THE REQUEST OF LOLA BURT
FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF
HOME IMPROVEMENTS VALUED AT $25,000, FOR
PROPERTY LOCATED AT 522 ALBANY STREET AND
LOCATED IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA).
WHEREAS, Lola Burt has submitted an application dated January 13, 2020, to the City
Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction of
home improvements valued at $25,000, for property located at 522 Albany Street, and located in
the Consolidated Urban Revitalization Area(CURA), more fully described as follows:
THE PART OF THE PROPERTY DESCRIBED IN DOCUMENT NUMBER
2008017758 RECORDED MARCH 13, 2008 DESCRIBED AS: A PART OF
THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER OF
SECTION NO. NINETEEN (19), TOWNSHIP NO. EIGHTY-NINE (89)
NORTH, RANGE NO. TWELVE (12) WEST OF THE FIFTH (5TH) PRINCIPLE
MERIDIAN, IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA, DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE
SOUTH LINE OF ALBANY STREET; THAT IS ONE HUNDRED (100) FEET
EAST OF THE EAST LINE OF THE RIGHT-OF-WAY OF THE WATERLOO,
CEDAR FALLS, AND NORTHERN RAILWAY COMPANY; RUNNING
THENCE SOUTH AT RIGHT ANGLES TO THE SOUTH LINE OF ALBANY
STREET A DISTANCE OF THREE HUNDRED TEN (310) FEET; THENCE
WEST AT RIGHT ANGLES A DISTANCE OF ELEVEN AND THREE-
TENTHS (11.3) FEET; THENCE AT RIGHT ANGLES SOUTH TO THE
NORTHERLY LINE OF THE RIGHT-OF-WAY OF THE CHICAGO GREAT
WESTERN RAILWAY; THENCE EASTERLY ALONG THE NORTHERLY
LINE OF SAID RIGHT-OF-WAY OF THE CHICAGO GREAT WESTERN
RAILWAY TO A POINT WHICH IS DUE SOUTH OF A POINT ON THE
SOUTH LINE OF ALBANY STREET: THAT IS ONCE HUNDRED EIGHTY-
SEVEN AND EIGHT-TENTHS (187.8) FEET EAST OF THE POINT OF
BEGINNING; THENCE NORTH TO A POINT ON THE SOUTH LINE OF
ALBANY STREET; THAT IS ONE HUNDRED EIGHTY-SEVEN AND
EIGHT-TENTHS (187.8) FEET EAST OF THE POINT OF BEGINNING;
THENCE WEST ALONG THE SOUTH LINE OF ALBANY STREET TO THE
POINT OF BEGINNING; EXCEPT COMMENCING AT A POINT ON THE
SOUTH LINE OF ALBANY STREET; THAT IS ONE HUNDRED (100)FEET
EAST OF THE EAST LINE OF RIGHT-OF-WAY OF WATERLOO, CEDAR
FALLS, AND THE NORTHERN RAILWAY COMPANY, RUNNING THENCE
EAST ALONG THE SOUTH LINE OF ALBANY STREET A DISTANCE OF
SIXTY (60) FEET, THENCE AT RIGHT ANGLES SOUTH ONE HUNDRED
FIFTY (150) FEET; THENCE AT RIGHT ANGLES WEST A DISTANCE OF
SIXTY (60) FEET; THENCE AT RIGHT ANGLES NORTH A DISTANCE OF
ONE HUNDRED FIFTY (150) FEET TO THE POINT OF BEGINNING. AND
EXCEPT THAT PART THEREOF CONDEMNED BY THE CITY OF
WATERLOO, IOWA 568 LD 67; EXCEPT THE EAST ONE HUNDRED
EIGHT (108) FEET.
Subject to easements, restrictions, covenants, ordinances and limited access provisions of
records, and
WHEREAS, said property is located within the designated Consolidated Urban
Resolution No. 2020-30
Page 2
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.
PASSED AND ADOPTED this 21st day of January 2020.
DW.,)A54147.-c/4
Quentin Hart, Mayor
ATTIES-I:
A _ AA, /_.AL
elley Felchl 1 City Clerk