HomeMy WebLinkAbout2016-720-9/12/2016 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2016-720
RESOLUTION APPROVING APPLICATION WITH LUCI
COPPAGE FOR TAX EXEMPTIONS ON THE REMODEL OF
A HOME VALUED AT $33,395 FOR THE PROPERTY
LOCATED AT 321 REED STREET AND LOCATED WITHIN
THE CONSOLIDATED URBAN REVITALIZATION AREA
(CURA), IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA.
WHEREAS, Luci Coppage has submitted an application dated March 9, 2016 to the City
Council of the City of Waterloo, Iowa, requesting to receive tax exemptions on the remodel of a
home valued at $33,395 for the property located at 321 Reed Street, more fully described as
follows:
E PARK PL LOT 5 BLOCK 3, IN THE CITY OF WATERLOO, BLACK HAWK
COUNTY, IOWA,
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 new construction project respecting said property is 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 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 Consolidated Urban
Revitalization Area (LURA) 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 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.
Resolution No. 2016-720
Page 2
PASSED AND ADOPTED this 12th day of September, 2016.
C—�
Quentin Hart, Mayor
ATTEST:
Kelley Felc le
Deputy City Clerk