HomeMy WebLinkAbout2023-038-01.17.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-038
RESOLUTION APPROVING THE REQUEST BY STEEGE
INVESTMENTS LLC, FOR TAX EXEMPTIONS ON A TWIN
HOME UNIT VALUED AT $300,000.00, FOR PROPERTY
LOCATED AT 126 BERGEN AVENUE, AND LOCATED IN
THE CONSOLIDATED URBAN REVITALIZATION AREA
(CURA).
WHEREAS, Steege Investments, LLC, has submitted an application dated December 29,
2022, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for
the construction of a new twin home, valued at $300,000.00, for property located at 126 Bergen
Avenue, and located in the Consolidated Urban Revitalization Area (CURA), more fully
described as follows:
GARDNER ADDITION CONDOMINIUMS BLDG 8 UNIT B, CITY OF
WATERLOO, BLACK HAWK 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 17th day of January 2023.
Ray Feuss, Mayor Pro Tem
Resolution No. 2023-038
Page 2
ATTEST:
Kelley Felchle, City Clerk