HomeMy WebLinkAbout2024-406-07.15.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-406
RESOLUTION PPROVING THE REQUEST BY NERMIN
FERKIC, FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW SINGLE-FAMILY HOME VALUED AT
$290,000.00, FOR PROPERTY LOCATED AT 125 CORAL
DRIVE AND LOCATED IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA).
WHEREAS, Nermin Ferkic has submitted an application dated June 28, 2024, 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 $290,000.00, for property located at 125 Coral Drive and
located in the Consolidated Urban Revitalization Area (CURA), more fully described as follows:
EDISON ADDITION LOT 1, 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 15th day of July 2024.
Quentin Hart, Mayor
ATTEST:
Resolution No. 2024-406
Page 2
R1elley Felchle
Kelley Felchle, City Clerk
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