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HomeMy WebLinkAbout2016-891-11/14/2016Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, 319-291-4323. RESOLUTION NO. 2016-891 RESOLUTION APPROVING THE REQUEST OF PANTHER BUILDERS FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A NEW SINGLE FAMILY HOME VALUED AT $260,000 FOR PROPERTY LOCATED AT 5915 SUMMERLAND DRIVE, AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA (CLURA), AND RESCINDING RESOLUTION NO. 2016-829. WHEREAS, Panther Builders has submitted an application dated September 23, 2016 to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for the construction of a new single family home valued at $260,000 for property located at 5915 Summerland Drive, more fully described as follows: SUMMERLAND PARK FIRST, LOT 86, CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. Subject to easements, restrictions, covenants, ordinances and limited access provisions of records; and, WHEREAS, said property is located within the designated City Limits Urban Revitalization Area (CLURA) 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 City Limits Urban Revitalization Area (CLURA) 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 City Limits Urban Revitalization Area (CLURA) 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 14th day of November, 2016. Quentin Hart, Mayor Resolution No. 2016-891 Page 2 ATTEST: elley Felchl City Clerk CITY LIMITS URBAN REVITALIZATION APPLICATION ZO N/N ONE OR FOR PROPERTY TAX EXEMPTION FOR CONSTRUCTION 0 FAMILY DWELLINGS UNDER THE PROVISIONS OF THE REVITALIZATION AREA PLAN ADOPTED BY THE CITY WATERLOO. 2 The City Limits Urban Revitalization Area (CLURA) allows property tax exemptions for newly cons ed2ene or two family dwellings (single family homes or duplex/twin homes) that meet the following criteria: 1. Be located within the CLURA boundaries (a map of which can be obtained from the City of Waterloo Community Planning & Development Department.) 2. This application must be filed with City prior to the 1.'1 working day of February following the kixen the 'J improvements are completed to comply with the timeline of the State Code of Iowa, Section 404.44'rt tt red 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 intbrniation for your application to be submitted to the City Counc' NAME: ADDRESS: PO BOX 128, Cedar Falls, IA 50613 TELEPHONE: 319-768-7235 Panther Builders SIGNATURE: DATE: 09/23/2016 A. What is the Address of the property being improved? 5915 Summerland Drive, Waterloo, IA 50703 What is the Legal Description of the property? (May be available at County Recorder's Office on 2nd floor of the Courthouse) Summerland Park First, Lot 86 B. What was the nature of the improvement(s)? (must be single family homes or duplex/twin homes to qualify) New Construction C. City of Waterloo Building and Inspections Department Information: Permit Number: WA 06209 Date permit was issued: 08/29/2014 D. What was the cost of the new construction? $260,000.00 Total permit(s) valuation: 175,000 E. Estimated or actual date of completion of this new construction? January 2016 CITY 9F WATERLOO APPROVED DENIED DATED: RESOLUTION NO: ?- L b - BLACK HAWK COUNTY ASSESSOR APPROVED DATED: Tami McFarland DENTED Black Hawk County Assessor 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.