HomeMy WebLinkAbout2025-011-01.06.2025Prepared Nancy Higby, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291-4323.
RESOLUTION NO. 2025-011
A RESOLUTION APPROVING THE REQUEST BY ANDREW
AND CHRISTA MIEHE, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE-FAMILY HOME
VALUED AT $950,000.00, FOR PROPERTY LOCATED AT 133
KIMBERLY LANE AND LOCATED IN THE CITY LIMITS
URBAN REVITALIZATION AREA (CLURA).
WHEREAS, Andrew and Christa Miehe has submitted a request to receive tax
exemptions under the provisions of the City's City Limits Urban Revitalization Area (CLURA)
program dated December 26, 2024, for property located at 133 Kimberly Lane, and more fully
described as follows:
MAGNOLIA HILLS LOT 2 IN THE CITY OF WATERLOO, BLACK
HAWK COUNTY, IOWA.
and;
WHEREAS, the proposed construction is for a new single-family home valued
at $950,000.00, which qualifies for tax exemption under the CLURA guidelines as officially
adopted by the City Council for the City of Waterloo, Iowa; and
WHEREAS, the new construction on said property was made during the time in which
such improvements are eligible for the tax exemption as set forth in the CLURA 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, the City Council has determined that the improvement noted above is
consistent with the goals and objectives of the CLURA Plan, effectively contributing to the
urban revitalization of the area; 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 as
follows:
1. The request by Babic Properties LLC., for tax exemptions on the construction of a new
single-family home valued at $950,000.00 for the property located at 133 Kimberly Lane is
hereby approved.
Resolution 2025-011
Page 2
2. The tax exemption shall be applied in accordance with the conditions set forth in the
CLURA program guidelines.
3. The City Clerk is hereby authorized and directed to forward said application and a
copy of this resolution to the Black Hawk County Assessor.
4. This resolution shall take effect upon its passage and approval.
PASSED AND ADOPTED this 6th day of January 2025.
Quentin Hart, Mayor
ATTEST:
K,elley Felchle
Kelley Felchle City Clerk
SEAL
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