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HomeMy WebLinkAbout2022-056-02.07.2022Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2022-056 RESOLUTION APPROVING THE REQUEST OF BRANDON REYES FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A NEW GARAGE VALUED AT $35,000.00 FOR PROPERTY LOCATED AT 724 KIRKWOOD AVENUE, AND LOCATED WITHIN THE CONSOLIDATED URBAN REVITALIZATION AREA (CURA). WHEREAS, Brandon Reyes has submitted an application dated January 12, 2022, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for the construction of a new garage, valued at $35,000.00, for property located at 724 Kirkwood Avenue, and located in the Consolidated Urban Revitalization Area (CURA), more fully described as follows: FIRST ADDITION TO GALLOWAY LOT 109, CITY OF WATERLOO, BLACK HARK COUNTY, IOWA. 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 three-year exemption schedule: For the first year 100% 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 7th day of February 2022. Quentin Hart, Mayor Resolution No. 2022-056 Page 2 ATTEST: 7(elky Ee(chfe Kelley Felchle, City Clerk