HomeMy WebLinkAbout2024-540-09.16.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-540
RESOLUTION APPROVING THE REQUEST BY SAW
MAUNG AND MARIA THAN, FOR TAX EXEMPTIONS ON
THE CONSTRUCTION OF A NEW SINGLE-FAMILY HOME
VALUED AT $315,000.00, FOR PROPERTY LOCATED AT
1235 W. 7TH STREET AND LOCATED IN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CURA).
WHEREAS, Saw Maung and Maria Than, have submitted an application dated August
30, 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 $315,000.00, for property located at
1235 W. 7th Street and located in the Consolidated Urban Revitalization Area (CURA), more
fully described as follows:
WILLISTON FIELD ADDITION LOT 5, 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 applicants are 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 16th day of September 2024.
Resolution No. 2024-540
Page 2
ATTEST:
Kelley Felchle
Kelley Felchle, City Clerk
SEAL
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4
DIGITALLY
SIGNED
Quentin Hart, Mayor