HomeMy WebLinkAbout2023-633-10.16.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-633
RESOLUTION APPROVING THE REQUEST BY COLBY
KRIEPS, FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW SINGLE-FAMILY HOME VALUED AT
$574,900.00, FOR PROPERTY LOCATED AT 122 SUNBIRD
COURT AND LOCATED IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA).
WHEREAS, Colby Krieps, submitted an application dated September 28, 2023, to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on the
construction of a new single-family home valued at $574,900.00, for property located at 122
Sunbird Court, and located in the City Limits Urban Revitalization Area (CLURA), more fully
described as follows:
AUDUBON HEIGHTS 7TH ADDITION LOT 15, 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 City Limits Urban
Revitalization Area (CLURA) in Waterloo, Iowa, as previously established by the City Council
of the City of Waterloo, Iowa, and
WHEREAS, the new construction project respecting said property is in conformance with
the City Limits Urban Revitalization Area (CLURA) Plan as officially adopted by the City
Council for the City of Waterloo, Iowa, and
WHEREAS, the new construction on said property was made during the time in which
such improvements are eligible for the tax exemption as set forth in the City Limits Urban
Revitalization Area (CLURA) 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 2023-633
Page 2
PASSED AND ADOPTED this 16th day of October 2023.
R.c.7_ F2t/55
Ray Feuss, Mayor Pro Tem
ATTEST:
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LeAnn M. Even, Deputy City Cle
SEAL
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