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HomeMy WebLinkAbout2025-054-02.03.2025Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-054 A RESOLUTION APPROVING THE REQUEST BY DENNIS HOLBACH SR., FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF NEW WINDOWS, ENTRY DOORS, KITCHEN, BATH REMODEL, FLOORING, FIXTURES, CABINETS, AND VINYL SIDING VALUED AT $59,500.00, FOR PROPERTY LOCATED AT 642 BOSTON AVENUE AND LOCATED IN THE CONSOLIDATED URBAN REVITALIZATION AREA (CURA). WHEREAS, the City of Waterloo has established a Consolidated Urban Revitalization Area (CURA) to encourage the revitalization and redevelopment of eligible properties in accordance with established city policies; and WHEREAS, Dennis Holbach Sr., as the owner of the property located at 642 Boston Avenue, and legally described as (North Waterloo Place Lot 4 Blk 7), has submitted a request for property tax exemptions on improvements to said property in accordance with CURA guidelines; and WHEREAS, the proposed improvements include the construction of new windows, and entry doors, remodeling of the kitchen and bath, installation of new flooring, fixtures, cabinets, and vinyl siding, with an aggregate improvement value of $59,500.00; and WHEREAS, these improvements are consistent with the goals and objectives of the CURA program, aiming to enhance property values, improve living conditions, and contribute to the overall economic development of the area; and WHEREAS, the application has been reviewed and found to be in compliance with the policies and requirements set forth by the CURA program; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as follows: 1. The request by Dennis Holbach Sr. for tax exemptions on the described property improvements at 642 Boston Avenue, valued at $59,500.00, is hereby approved. 2. This approval is contingent upon compliance with all applicable codes and regulations throughout the completion of the renovations. 3. The City Clerk is hereby instructed to certify a copy of this resolution and forward it to the Black Hawk County Assessor's Office to proceed with the tax exemption process in accordance with Iowa Code. 4. This resolution shall become effective immediately upon its approval and adoption by the City Council. PASSED AND ADOPTED this 2nd day of February 2025. Resolution 2025-054 Page 2 ATTEST: Kelley Felchle Kelley Felchle, City Clerk 6.2ttertart a rt Quentin Hart, Mayor DIGITALLY SIGNED