HomeMy WebLinkAbout2016-044-1/19/2016 r
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Prepared by Nancy Higby, Administrative Secretary, City -,.of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-
4323 .
RESOLUTION NO. 2016-044
_._.. RESOLUTION APPROVING APPLICATION WITH CAROL
D. HOSKINS FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW GARAGE VALUED AT
$8, 720. 00 FOR PROPERTY LOCATED AT 612 BEECH
STREET AND LOCATED WITHIN THE CONSOLIDATED
URBAN REVITALIZATION AREA (CURA) , IN THE CITY
OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Carol D. Hoskins has submitted an application dated
December 15, 2015 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for the construction
of a new garage valued at $8, 720 . 00 for property located at 612
Beech Street, more fully described as follows :
Rose Hill lst Addition Lot 11 Block 16, in the City of
Waterloo, Black Hawk County Iowa,
and,
WHEREAS, said property is 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 new 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 new construction on said property was made
during the time in which such improvements are eligible forithe
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 700
For the third year 60%
For the fourth year 50%
For the fifth year 400
For the sixth year 400
For the seventh year 300
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. 2016-044
Page 2
PASSED AND ADOPTED this 19th day of January, 2016.
Quentin Hart, Mayor
ATTEST':
Suzy Sch res, CMC
City Clerk