HomeMy WebLinkAbout2016-096-2/8/2016 Prepared by Nancy Higby, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-
4323 .
RESOLUTION NO. 2016-096
RESOLUTION APPROVING APPLICATION WITH MICHAEL
HOY FOR TAX EXEMPTIONS ON THE EXTERIOR
REMODEL OF A HOME VALUED AT $25, 000 . 00 FOR
PROPERTY LOCATED AT 335 ALMOND STREET AND
LOCATED WITHIN THE CONSOLIDATED URBAN
REVITALIZATION AREA (LURA) , IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Michael Hoy has submitted an application dated
January 28, 2016 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions for the exterior
remodel of a home valued at $25, 000 . 00 for property located at
335 Almond Street, more fully described as follows :
Cooley Addition Lot 4 Block 65 except the east 9 feet,
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 (CURA) 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 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 500
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.
I
PASSED AND ADOPTED this 8th day of February, 2016.
a
Resolution No. 2016-096
Page 2
Quentin Hart, Mayor
ATTEST,:
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Kelley Fel hle
Deputy Cit Clerk
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