HomeMy WebLinkAbout2016-061-1/25/2016 Prepared pa ed by Nancy Higby, Administrative Secretary, Y Cit of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 .
RESOLUTION NO. 2016-061
RESOLUTION APPROVING APPLICATION WITH JAMES
HUMPHREY JR. FOR TAX EXEMPTIONS ON THE REMODEL
OF A HOME VALUED AT $29, 000 . 00 FOR PROPERTY
LOCATED AT 711 HOPE AVENUE AND -LOCATED WITHIN
THE CONSOLIDATED" URBAN REVITALIZATION AREA
(CURA) , IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, James Humphrey Jr. has submitted an application dated
January 19, 2016 to the City Council of the City of Waterloo, Iowa,.
requesting to receive tax exemptions for remodel of a single family
home valued at $29, 000 . 00 for property located at 711 Hope Avenue,
more fully described as follows :
North Waterloo Place Lot 15 Block 1, Black Hawk County,
Waterloo, 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 f
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 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 three-year
exemption schedule:
For the first year 1000
For the second year 100%
For the third year 100%
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 25th day of January, 2016.
�� Quentin Hart, Mayor I
ATTEST:
Kelley Fel 114
Deputy Cit Clerk