HomeMy WebLinkAbout2016-779-10/3/2016 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2016-779
RESOLUTION APPROVING THE REQUEST OF JOHN FRIEL III
FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF HOME
IMPROVEMENTS VALUED AT $43,000 FOR THE PROPERTY
LOCATED AT 1662 OAKWOOD DRIVE AND LOCATED
WITHIN THE CONSOLIDATED URBAN REVITALIZATION
AREA(CURA).
WHEREAS, John Friel III has submitted an application dated May 24, 2016 to the City
Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction of
home improvements valued at $43,000 for the property located at 1662 Oakwood Drive, more
fully described as follows:
GREENBRIER THIRD ADDITION LOT 50, 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 (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 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.
PASSED AND ADOPTED this 3rd day of October, 2016.
Resolution No. 2016-779
Page 2
Quentin Hart, Mayor
ATTEST:
Kelley Fel le
Deputy City Clerk
For Office Use Only
Date Received: 5
Received N1/�
Stafl'to makeke as copy r�ap�pli'cant
CONSOLIDATED URBAN REVITALIZATION AREA
APPLICATION FOR PROPERTY TAX EXEMPTION FOR IMPROVEMENTS UNDER THE PROVISIONS OF THE
CONSOLIDATED URBAN REVITALIZATION AREA PLAN ADOPTED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO.
The Consolidated Urban Revitalization Area(CURA)allows property tax exemptions on improvements to property located within
its boundaries that meet the following criteria:
1. At least a 10%improvement to the value of the residential property. At least a 15%improvement to the value of commercial
property if a building was previously on the site. If commercial property was previously vacant,all actual value added by the
improvements is eligible for tax exemption.
2. Be located within the CURA boundaries(a map of which can be obtained from the City of Waterloo Community Planning&
Development Department.)
3. This application must be filed with City prior to the 1"working day of February following the year when the improvements
are completed to comply with the timeline of the State Code of Iowa,Section 404.4 unnumbered paragraph 2. However,a
single application may be filed upon completion of an entire project requiring more than one year to construct or complete,
providing prior approval has been granted by the City Council or County Board of Supervisors.
Please fill out the following information for your application to be submitted to the Ci Council.
NAME: JAA f orr. e- SIGNATURE: ,
ADDRESS: 0&,C woo (', V20
/�l/TELEPHONE: Y DATE: l /
A. What is the Address of the property being improved? rl 62 �t,��WwC�J a (/ljT
0- '�t-[oo z A ` wo3
What is the Legal Description of the property?(May be available at County Recorder's Office on 2"d floor of the Courthouse)?
i
B. Indicate desired exemption schedule:(1 or 2)
1. One Hundred Percent(100%)exemption for three years on the actual value added by improvements;
2. A partial exemption on the actual value added by improvements according to the following schedule:
a. First Year-----------80% d. Fourth Year-------50% g. Seventh Year------30%
b. Second Year-----70% e. Fifth Year---------40% h. Eighth Year--------30%
c. Third Year---------60% f. Sixth Year--------40% i. Ninth Year-------20%
j. Tenth Year---------20%
C. What was the nature of the improvement(s)?
acra. 2 54.l() wi k Mew 3 .5f-CLI(
D. City of Waterloo Building and Inspections Department Information:
Permit Number:90►��a�permitwas issued: �47
Total permit(s)valuation': /��
di 14
E. What was the cost of the improvement?W1 13
F. Estimated or actual date of completion of these improvements? 7/2 0/-70 _
G. If this is not a singe-family dwelling unit,which you own and reside in,will these improvements create a displacement of
your tenants? Yes No
Note: The improvements to your home or business may not change the assessed value.
Note: City Council approval does not guarantee tax exemptions. The application must be reviewed and approved by the Black
Hawk County Assessor's Office for criteria eligibility.
CITY OF WATERLOO OFFICE USE ONLY
APPROVED DATED: 1 %1 4v RESOLUTION NO:
DENIED
BLACK HAWK COUNTYASSESSOR OFFICE USE ONLY
APPROVED DATED:
T.J.Koenigsfeld
DENIED Black Hawk County Assessor
CITY OF WATERLOO OFFICE USE ONLY
10� >
APPROVED DATED: Oji RESOLUTIONNO:
DENIED
BLACK HAWK COUNTYASSESSOR OFFICE USE ONLY
APPROVED DATED:
T.J.Koenigsfeld
DENIED Black Hawk County Assessor