HomeMy WebLinkAbout2016-776-10/3/2016 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319)291-4323.
RESOLUTION NO. 2016-776
RESOLUTION APPROVING THE REQUEST OF MIKE AND
LAURA JUMP FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF HOME IMPROVEMENTS VALUED AT
$11,080.00 FOR THE PROPERTY LOCATED AT
531 EVERGREEN AVENUE AND LOCATED WITHIN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CUBA),
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY,
IOWA.
WHEREAS, Mike and Laura Jump have submitted an application dated August 12, 2016
to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for
construction of home improvements valued at $11,080.00 for the property located at
531 Evergreen Avenue, more fully described as follows:
GALLOWAY ADDITION WATERLOO LOT 9, BLACK HAWK COUNTY,
WATERLOO, IOWA,
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 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 three-year exemption schedule:
For the first year 100%
For the second year 100%
For the third year 100%
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.
Quentin Hart, Mayor
Resolution No. 2016-776
Page 2
ATTEST:
elley Felc le
Deputy City Clerk
For Office Use Only
Date Received:
Received by: P51 1 Z,1 d
Staff to make a coby for applicant
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 CUBA 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 I"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 City Council.
NAME: N1Y2,*Uroe,( VuT_ SIGNATURE: �� � .._
ADDRESS: �3 i r
TELEPHONE: _311)-25 f-i N 67 DATE:
A. What is the Address of the property being improved? 6,3i &f-A rl i L d:k f jLx) jC5�Q
What is the Legal Description of the property?(May be available at County Recorder's Office on 2nd floor of the Courthouse)?
`` `�,
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)?
D. City of Waterloo Building and Inspections Department Information:
Permit Number: `' -1 I000 Date permit was issued: I/ Total permit(s)valuation:
E. What was the cost of the improvement?
F. Estimated or actual date of completion of these improvements? —�K—ko _
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: N0131/1
013/1 L RESOLUTION NO: 6 ` 7 1
DENIED
BLACK HAWK COUNTYASSESSOR OFFICE USE ONLY
APPROVED DATED:
T.J.Koenigsfeld
DENIED Black Hawk County Assessor
CITY OF WATERLOO OFFICE USE ONLY
APPROVED DATED: '013/)1, RESOLUTION NO: -Z 6 -7
DENIED
BLACK HAWK COUNTY ASSESSOR OFFICE USE ONLY
APPROVED DATED:
T.J.Koenigsfeld
DENIED Black Hawk County Assessor