HomeMy WebLinkAbout2020-408-06.08.2020Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2020-408
RESOLUTION APPROVING THE REQUEST OF MARK
HOCKEY FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF HOME IMPROVEMENTS VALUED AT
$24,400 FOR PROPERTY LOCATED AT 370 CALIFORNIA
STREET, AND LOCATED IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA).
WHEREAS, Mark Hockey has submitted an application dated May 21, 2020, to the City
Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for the construction
of home improvements, valued at $24,400, for property located at 370 California Street, and
located in the Consolidated Urban Revitalization Area (CURA), more fully described as follows:
THE SOUTHWEST FIFTY-EIGHT AND ONE-HALF (58 1/2) FEET OF LOT
NO. FIVE (5) IN BLOCK NO. SEVEN (7) AND THE SOUTHWEST FIFTY-
EIGHT AND ONE-HALF (58 1/2) FEET OF LOT NO. SIX (6) IN BLOCK
NO.SEVEN (7) IN COTTONS ADDITION IN THE CITY OF WATERLOO,
BLACK HAWK COUNTY.
Subject to easements, restrictions, covenants, ordinances and limited access provisions of
records, and
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.
Resolution No. 2020-408
Page 2
PASSED AND ADOPTED this 8th day of June 2020.
Quentin Ra t
Quentin Hart, Mayor
ATTEST:
Kele# -etc/ile
Kelley Felchle, City Clerk