HomeMy WebLinkAbout2016-893-11/14/2016Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2016-893
RESOLUTION APPROVING THE REQUEST OF HEIDI AND
JOSHUA VERHAGEN FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $170,000 FOR PROPERTY LOCATED AT 5629
SUMMERLAND DRIVE, AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA (CLURA).
WHEREAS, Heidi and Joshua Verhagen have submitted an application dated November
1, 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 $170,000 for property located at 5629
Summerland Drive, more fully described as follows:
SUMMERLAND FARMS LOT 22, EXCEPT THE NORTHEASTERLY 10.55 FEET,
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.
(..L.-ts2./1(t,L-1(Aq
Quentin Hart, Mayor
Resolution No. 2016-893
Page 2
ATTEST:
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City Clerk
e
For Office Use Only
Date Received: /
Received by: /I
Staff to make a copy for applicant
CITY LIMITS URBAN REVITALIZATION APPLICATION
APPLICATION FOR PROPERTY TAX EXEMPTION FOR CONSTRUCTION OF NEW ONE OR TWO FAMILY
DWELLINGS UNDER THE PROVISIONS OF THE CITY LIMITS URBAN REVITALIZATION AREA PLAN
ADOPTED BY THE CITY COUNCIL OF THE CITY OF WATERLOO.
The City Limits Urban Revitalization Area (CLURA) is a 3 -year 100% property tax exemption on the actual value added for
new construction one or two family dwellings (single family homes or duplex/twin homes only) 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 l st 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. Projects started prior to the
adoption date of July 18, 2011 do not qualify.
NAME:
ADDRESS:
t -}e idi c4(Jo411A61 Verha
%LC! aIMYYWA d by•
TELEPHONE: qzo
A. What is the Address of the property being improved?
SIGNATURE:Lio_ttal
LQ1�e
DATE: it L I l l lD
502461 Su r►y\riWla vlCA Dv' .
What is the Legal Description of the property? (May available at County Recorder's Office on 2°d floor of the Courthouse)
54(0l/4=,acs hr 221 exert 7( 4/ r. sre;Pr
/955)C r,
B. What was the nature of the improvement(s)? (must be single family homes or duplex/twin homes to qualify)
5/!v M- - +(coke_ ,
C. City of Waterloo Building and Inspections Department Information:
Permit Number:. O ilv DUc) I Dq V/ Date permit was issued: `i I % / 2 d 1 to Total permit(s) valuation: 43 * 4 3
D. What was the cost of the new construction?4170, 000
E. Estimated or actual date of completion of this new construction? ID Iola' 1 -2-0 f to
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
DENIED
DATED:
RESOLUTION NO:
BLACK HAWK COUNTY ASSESSOR OFFICE USE ONLY
APPROVED
DENIED
DATED:
T.J. Koenigsfeld
Black Hawk County Assessor