HomeMy WebLinkAbout2016-894-11/14/2016Prepared by Nancy Higby, Administrative Secretary, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, 319-291-4323.
RESOLUTION NO. 2016-894
RESOLUTION APPROVING THE REQUEST OF DS
RENTALS LLC FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE FAMILY HOME
VALUED AT $180,000 FOR PROPERTY LOCATED AT 5633
SUMMERLAND DRIVE, AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA (CLURA).
WHEREAS, DS Rentals LLC has submitted an application dated October 21, 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 $180,000 for property located at 5633
Summerland Drive, more fully described as follows:
SUMMERLAND PARK FIRST, LOT 23, 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.
LLL/LQ.AKt
Quentin Hart, Mayor
Resolution No. 2016-894
Page 2
ATTEST:
Kelley Fele -
City Clerk
CITY LIMITS URBAN REVITALIZATION 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 13Y THE CITY COUNCIL OF THE CITY OF
WATERLOO.
The City Limits Urban. Revitalization Area (CLURA) allows property tax exemptions for newly constructed one 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 18 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:
D5 Qen{uis 6t,C
ADDRESS: Pa Ob( US",(Aticattc, IA 0.0 ( 3
TELEPHONE: 31 c1 -) tD S-
SIGNATURE:
DATE: L V'2t
2b1,(1)
A. What is the Address of the property being improved? 5410 3 3 S ll In INI e e (Gl lO ' r too ,' R so/o3
What is the Legal Description of the property? (May be available at County Recorder's Office on 2nd floor of the
Courthouse)
wrw'er \ckNc , Va.( Vs. \Loi,1
B. What was the nature of the improvement(s)? (must be single family homes or duplex/twin homes to qualify)
tie -w C4
C. City of Waterloo Building and Inspections Department Information:
Permit Number:Z.40X 13342 Date permit was issued:
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D. What was the cost of the new construction?�ri
68%.V-tt
Total permit(s) valuationft hO, WO. 0 D
E. Estimated or actual date of completion of this new construction? 1-b ,2t / 1
CITY OF WATERLOO
APPROVED
DENIED
DATED: RESOLUTION NO:
BLACK HAWK COUNTY ASSESSOR
APPROVED DATED:
DENIED
Tami McFarland
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.