HomeMy WebLinkAbout2016-968-12/19/2016 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319)291-4323.
RESOLUTION NO. 2016-968
RESOLUTION APPROVING THE REQUEST OF CYNTHIA
RHODEN FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW GARAGE VALUED AT $8,898 FOR THE PROPERTY
LOCATED AT 344 BATES STREET AND LOCATED WITHIN
THE CONSOLIDATED URBAN REVITALIZATION AREA
(CURA).
WHEREAS, Cynthia Rhoden has submitted an application dated November 3, 2016 to
the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for
construction of a new garage valued at $8,898 for the property located at 344 Bates Street and
located within the Consolidated Urban Revitalization Area (CURA), more fully described as
follows:
HOWREY AND MCWILLIAMS ADDITION, LOT 9 AND LOT 10, BLOCK 10,
IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA,
and,
WHEREAS, said property is located within the designated Consolidated Urban
Revitalization Area (LURA) 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 19`x'day of December, 2016.
Quentin Hart, Mayor
ATTEST:
yJ �Kq
Kelley Felchl
City Clerk
For Office Use Only
Date Received:
Received by:
Staff to make a copy 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 CURA 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't 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: C �� �� Y� k C, A c.A SIGNATURE:
ADDRESS: `7 I ._a 5j-
TELEPHONE: DATE: 2 (�,
j ` t
677
A. What is the Address of the property being improved? 39 i \
What is the Legal Description-of theoRerty?(May.be available at CounXy Ptecorder's Office 2�,Ioor of e Courthouse)?
"c
B. Indicate desired exemption schedule:(I 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)?
/1
D. City of Waterloo Building and Inspections Department Information:
Permit Number: Le-t b Date permit was issued: q Z�- z l b Total permit(s)valuation: 1\% I
E. What was the cost of the improvement? SSS
F. Estimated or actual date of completion of these improvements? to - I - 2-- 16 _
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.
1
CITY OF WATERLOO OFFICE USE ONLY
V 2/ . 2 a
� APPROVED DATED: � RESOLUTION NO.
APPRO ( L /Jc b
DENIED
BLACK HAWK COUNTYASSESSOR OFFICE USE ONLY
APPROVED DATED:
T.J.Koenigsfeld
DENIED Black Hawk County Assessor