HomeMy WebLinkAbout2023-716-11.20.2023Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2023-716
RESOLUTION APPROVING THE REQUEST BY STEVAN
KRICKOVIC, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE-FAMILY HOME
VALUED AT $305,000.00, FOR PROPERTY LOCATED AT 105
CORAL DRIVE AND LOCATED IN THE CONSOLIDATED
URBAN REVITALIZATION AREA (CURA).
WHEREAS, Stevan Krickovic, has submitted an application dated November 6, 2023, to
the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for the
construction of a new single-family home valued at $305,000.00, for property located at 105
Coral Drive, and located in the Consolidated Urban Revitalization Area (CURA), more fully
described as follows:
LOT 11 OF EDISON ADDITION, IN THE 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 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.
PASSED AND ADOPTED this 20th day of November 2023.
Resolution No. 2023-716
Page 2
6,2aen-aa Ilar
Quentin Hart, Mayor
ATTEST:
Klelley Felchle
Kelley Felchle, City Clerk
SEAL