HomeMy WebLinkAbout2023-086-02.06.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-086
RESOLUTION APPROVING THE REQUEST BY DODGE
HOLDINGS, LLC, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF AN ADDITION AND AN INTERIOR
REMODEL VALUED AT $1,400,000.00, FOR PROPERTY
LOCATED AT 1717 FALLS AVENUE AND LOCATED IN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CURA).
WHEREAS, Dodge Holdings, LLC, has submitted an application dated January 18, 2023,
to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for the
construction of an addition and an interior remodel valued at $1,400,000.00, for property located
at 1717 Falls Avenue, and located in the Consolidated Urban Revitalization Area (CURA), more
fully described as follows:
LOT 3, BLOCK 2, "HAGERMAN PLACE" IN THE CITY OF WATERLOO,
IOWA, AND THAT PART OF LOTS 1 AND 2, BLOCK 2, "HAGERMAN
PLACE" IN THE CITY OF WATERLOO, IOWA, LYING WEST OF THE
FOLLOWING DESCRIBED LINE:
BEGINNING AT A POINT ON THE NE-LY LINE OF SAID LOT 2 WHICH IS
44.82 FEET SE-LY OF THE NORTHWEST CORNER OF LOT 3, SAID
BLOCK 2; THENCE S-LY TO A POINT ON THE SW-LY LINE OF SAID LOT
1 WHICH IS 89.77 FEET SE-LY OF THE SW-LY CORNER OF SAID LOT 3.
AND LOTS 4, 5 AND 6, BLOCK 2, "HAGERMAN PLACE" IN THE CITY OF
WATERLOO, 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 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%
Resolution No. 2023-086
Page 2
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.
PASSED AND ADOPTED this 6th day of February 2023.
ATTEST:
Kelley Eelchle
Kelley Felchle, City Clerk
SEAL
0
411.
Air
LP 0
W4
0
Quentin Hart, Mayor