HomeMy WebLinkAbout2024-082-02.19.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-082
RESOLUTION APPROVING THE REQUEST BY MICHAEL
VANDELLO, FOR TAX EXEMPTIONS ON IMPROVEMENTS
TO OFFICE SPACE VALUED AT $401,091.00, FOR
PROPERTY LOCATED AT 216 E. 4TH STREET AND
LOCATED IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA).
WHEREAS, Michael Vandello, has submitted an application dated January 31, 2024, to
the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on
improvements to office space valued at $401,091.00, for property located at 216 E. 4th Street,
and located in the Consolidated Urban Revitalization Area (CURA), more fully described as
follows:
THE SOUTHWESTERLY 6 INCHES OF THE NORTHWESTERLY 90 FEET
OF THE NORTHEASTERLY 40 FEET OF LOT NO. 3; THE
SOUTHWESTERLY 20 FEET OF THE NORTHWESTERLY 110 FEET OF
LOT NO. 3; THE SOUTHWESTERLY 10 FEET OF THE SOUTHEASTERLY
40 FEET OF LOT. NO. 3; AND THE NORTHEASTERLY 20 FEET OF LOT
NO. 6; ALL IN BLOCK NO. 14 IN THE ORIGINAL PLAT, ON THE EAST
SIDE OF THE CEDAR RIVER IN THE CITY OF WATERLOO, BLACK
HAWK COUNTY, IOWA: EXCEPT THAT PART OF LOTS 3 AND 6
DESCRIBED AS FOLLOWS:
THE SOUTHWESTERLY 20 FEET OF SAID LOT 3 LYING
SOUTHEASTERLY OF A LINE DRAWN FROM A POINT ON THE
NORTHEASTERLY LINE OF THE SOUTHWESTERLY 20 FEET OF SAID
LOT WHICH IS 105.11 FEET SOUTHEASTERLY OF THE SOUTHEAST
LINE OF EAST FOURTH STREET, TO A POINT ON THE SOUTHWEST
LINE OF SAID LOT WHICH IS 104.96 FEET SOUTHEASTERLY OF SAID
SOUTHEAST LINE OF EAST FOUTH STREET, EXCEPT THE NORTHEAST
10 FEET OF THE SOUTHEAST 40 FEET OF SAID LOT 3; AND. THAT
PART OF THE NORTHEASTERLY 20 FEET OF SAID LOT 6, LYING
SOUTHEASTERLY OF A LINE DRAWN FROM A POINT ON THE
NORTHEAST LINE OF SAID LOT WHICH IS 104.96 FEET
SOUTHEASTERLY OF THE SOUTHEAST LINE OF EAST FOURTH
STREET; TO A POINT ON THE SOUTHWEST LINE OF SAID
NORTHEASTERLY 20 FEET WHICH IS 104.80 FEET SOUTHEASTERLY
OF THE SOUTHEAST LINE OF EAST FOURTH STREET
AND
LOT 6, KNEPPER AND LARMON'S SUBDIVISION OF THE NW 50 FEET
OF LOTS 7 & 10. BLOCK 14 IN THE VILLAGE (NOW CITY) OF
WATERLOO AND ON THE EAST SIDE OF CEDAR RIVER, IN BLACK
HAWK COUNTY, IOWA.
AND
ALL OF THE FOLLOWING DESCRIBED REAL ESTATE LYING NW-LY OF
A LINE DRAWN FROM A POINT ON THE NORTHEAST LINE OF LOT 6,
BLOCK 14, THE ORIGINAL PLAT, ON THE EAST SIDE OF THE CEDAR
RIVER, IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA.
WHICH IS 104.96 FEET SE-LY OF THE SOUTHEAST LINE OF EAST
FOURTH STREET, THRU A POINT ON THE SOUTHWEST LINE OF SAID
LOT 6 WHICH IS 104.50 FEET SE-LY OF THE SOUTHEAST LINE OF SAID
EAST FOURTH STREET , TO A POINT ON THE SOUTHWEST LINE OF
THE NE-LY 20 FEET OF LOT 7, SAID BLOCK 14, AT A POINT WHICH IS
Resolution No. 2024-082
Page 2
104.34 FEET SE-LY OF THE SOUTHEAST LINE OF SAID EAST FOURTH
STREET:
THE SOUTHWESTERLY 20 FEET OF THE NORTHEASTERLY 40 FEET OF
LOT 6, THE SOUTHWESTERLY 20 FEET OF LOT 6 AND THE
NORTHEASTERLY 20 FEET OF THE SOUTHEASTERLY 75 FEET OF THE
NORTHWESTERLY 125 FEET OF LOT 7, BLOCK 14, THE ORIGINAL
PLAT, ON THE EAST SIDE OF THE CEDAR RIVER, 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 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 19th day of February 2024.
Ray Feuss, Mayor Pro Tem
ATTEST:
(elley Eelchle
Kelley Felchle, City Clerk
SEAL