HomeMy WebLinkAbout2016-846-10/24/2016 Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2016-846
RESOLUTION APPROVING THE REQUEST OF MARK ALLEN
CORNWELL FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF HOME IMPROVEMENTS VALUED AT
$40,000 FOR PROPERTY LOCATED AT 528 ADRIAN STREET
AND LOCATED WITHIN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA), IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA.
WHEREAS, Mark Allen Cornwell has submitted an application dated October 3, 2016 to
the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for
construction of home improvements valued at $40,000 for property located at 528 Adrian Street,
more fully described as follows:
BLOWERS ADDITION LOT 8 BLK 3, 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 24th day of October, 2016.
Quentin Hart, Mayor
Resolution No. 2016-846
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