HomeMy WebLinkAbout2014-050-1 /27/2014r
Prepared by Carol Nemmers, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2014-050
RESOLUTION APPROVING APPLICATION WITH JOHN
DUNN FOR TAX EXEMPTIONS ON THE INTERIOR
FINISH OF A HOME WITH AN ESTIMATED COST OF
$55,000.00 FOR PROPERTY LOCATED AT 843 EAST
DONALD STREET IN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA), IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, John Dunn has submitted an application dated
January 21, 2014 to the City Council of the City of Waterloo,
Iowa, requesting to receive tax exemptions on the interior finish
of a home with an estimated cost of $55,000.00 for property
located at 843 East Donald Street, more fully described as
follows:
The South Twelve (12) rods of the West Thirteen and
One-third (13 1/3) rods of the Southwest Quarter of the
Southeast Quarter of Section No. Twelve (12), Township
No. Eighty-nine (89) North, Range No. Thirteen (13)
West of the Fifth Principal Meridian, in the City of
Waterloo, Black Hawk County, Iowa, except the West One
Hundred (100) feet thereof.
Subject to easements, restrictions, covenants,
ordinances and limited access provisions of record;
and,
WHEREAS, said property is located within the designated
Consolidated Urban Revitalization Area (CUBA) in Waterloo, Iowa,
as previously established by the City Council of the City of
Waterloo, Iowa, and,
WHEREAS, the 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 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 (CUBA) 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
600
For
the
fourth year
50%
For
the
fifth year
400
For
the
sixth year
40%
For
the
seventh year
30%
For
the
eighth year
30%
For
the
ninth year
20%
For
the
tenth year
200
Resolution No. 2014-050
Page 2
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 27th day of January, 2014.
Erst G. lark, Mayor
ATTEST:
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City Clerk