HomeMy WebLinkAbout2020-59-01/27/2020 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319)291-4323.
RESOLUTION NO. 2020-59
RESOLUTION APPROVING THE REQUEST OF BRIAN AND
BRENDA HOLMAN FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $240,000, FOR PROPERTY LOCATED AT 711
SHORT STREET AND LOCATED IN THE CONSOLIDATED
URBAN REVITALIZATION AREA (CURA).
WHEREAS, Brian and Brenda Holman have submitted an application dated January 15,
2020, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for
construction of a new single family home valued at $240,000, for property located at 711 Short
Street, and located in the Consolidated Urban Revitalization Area (CURA), more fully described
as follows:
A PART OF THE NORTHWEST QUARTER OF THE SOUTHEAST
QUARTER OF SECTION 29, TOWNSHIP 89 NORTH, RANGE 12 WEST OF
THE 5TH P.M., IS THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA, DESCRIBED AS FOLLOWS: COMMENCING AT THE POINT THAT
IS 355 FEET SOUTH AND 330 FEET EAST OF THE CENTER OF SAID
SECTION; THENCE SOUTH PARALLEL WITH THE NORTH AND SOUTH
CENTER LINE OF SAID SECTION, 140 FEET; THENCE EAST PARALLEL
WITH THE EAST AND WEST CENTER LINE OF SAID SECTION, 152 1/2
FEET; THENCE NORTH PARALLEL WITH THE NORTH AND SOUTH
CENTER LINE OF SAID SECTION, 140 FEET TO THE SOUTH LINE OF
DEARBORN AVENUE; THENCE WEST ALONG THE SOUTH LINE OF
DEARBORN AVENUE 152 1/2 FEET TO THE POINT OF BEGINNING;
AND
PART OF THE SOUTHWEST QUARTER OF SECTION 29, TOWNSHIP 89,
RANGE 12, WEST OF THE 5TH P.M., IN THE CITY OF WATERLOO, BLACK
HAWK COUNTY, IOWA, DESCRIBED AS FOLLOWS: COMMENCING 355
FEET SOUTH AND 482.5 FEET EAST OF THE CENTER POINT OF SAID
SECTION AND EXTENDING SOUTH 140 FEET PARALLEL WITH THE
NORTH AND SOUTH CENTER LINE OF SAID SECTION, THENCE EAST
152.5 FEET PARALLEL WITH THE EAST AND WEST CENTER LINE,
THENCE NORTH 140 FEET, THENCE WEST 152.5 FEET TO THE POINT
OF BEGINNING;
AND
COMMENCING AT A POINT THAT IS 635 FEET SOUTH AND 535 FEET
EAST OF THE CENTER POINT OF SECTION 29, TOWNSHIP 89, RANGE 12
WEST OF THE 5TH P.M., IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA, THENCE EXTENDING 100 FEET EAST PARALLEL
WITH THE EAST AND WEST CENTERLINE OF SECTION 29, THENCE 140
FEET NORTH PARALLEL WITH THE NORTH AND SOUTH CENTERLINE
OF SECTION 29, THENCE 100 FEET WEST PARALLEL WITH THE EAST
AND WEST CENTERLINE, THENCE SOUTH 140 FEET TO THE POINT OF
BEGINNING, CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
Subject to easements, restrictions, covenants, ordinances and limited access provisions of
records, and
Resolution No. 2020-59
Page 2
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.
PASSED AND ADOPTED this 27th day of January 2020.
Litark-
Quentin Hart, Mayor
ATTEST:
011 /
Kelley e,Fele I City Clerk