HomeMy WebLinkAbout2014-785-09/08/2014 Prepared by DeAnne Kobliska, Administrative Secretary, City of
Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323 .
RESOLUTION NO. 2014-785
RESOLUTION APPROVING APPLICATION WITH RON &
ROSE JORDAN FOR TAX EXEMPTIONS ON THE FOR THE
CONSTRUCTION OF A NEW 3 SEASONS PORCH VALUED
AT $23, 000 . 00 FOR PROPERTY LOCATED AT 1014
CRESTON AVENUE IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA) , IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Ron & Rose Jordan has submitted an application
dated August 27, 2014 to the City Council of the City of
Waterloo, Iowa, requesting to receive tax exemptions on the
construction of a new 3 season porch valued at $23, 000 . 00 for
property located at 1014 Creston Avenue, more fully described as
follows :
Lot No . Thirty-six (36) in Behm Addition to Waterloo,
Black Hawk County, Iowa .
Subject to easements, restrictions covenants,7
ordinances and limited access provisions of record;
and,
WHEREAS, said property p p y 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 rehabilitation 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 rehabilitation 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 (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%
C - -
Resolution No. 2014-785
Page 2
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 8th day of September, 2014 .
&tG. Clar
ATTEST :
�C\ X CG 60
zy S7hares, CMC
City Cylerk
II