HomeMy WebLinkAbout2016-970-12/19/2016 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319)291-4323.
RESOLUTION NO. 2016-970
RESOLUTION APPROVING THE REQUEST OF TONY O'
DONNELL FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW SINGLE FAMILY HOME VALUED AT $185,045 FOR
THE PROPERTY LOCATED AT 1043 ROOSEVELT
STREET AND WITHIN THE CONSOLIDATED URBAN
REVITALIZATION AREA(CUBA).
WHEREAS, Tony O'Donnell has submitted an application dated October 31, 2016 to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for construction
of a new single family home valued at $185,045 for the property located at 1043 Roosevelt
Street and within the Consolidated Urban Revitalization Area (CURA), more fully described as
follows:
AUDITOR BARNES PLAT OF MAYWOOD, LOT 43, IN THE CITY OF
WATERLOO, BLACK HAWK COUNTY, IOWA,
and,
WHEREAS, said property is located within the designated Consolidated Urban
Revitalization Area (CURA) 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 19th day of December, 2016.
S_.S1d
Quentin Hart, Mayor
ATTEST:
Kelley Felc e
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"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 C ' ./oun
NAME: . a 11 A t ' I SIGNATURE: V
ADDRESS: l ® S T'.
TELEPHONE: 31 S - I�I - 06 `{A DATE:
A. What is the Address of the property being improved? r L� b S U < ' 57-
What
7What is the Legal Description of the property (May be available at County Recorder's Office on 2nd floor of the Courthouse)?
r !� 41t fiEd4l� �O
B. Indicate701ne
' ed exemption schedule: (1 or 2)
1. Hundred Percent 100% exemption for three ears on the actual value added b improvements;
( ) p Y Y
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)?
Acsx) sit S
D. City of Waterloo Building and Inspections Department Information:
Permit Number: _ Date permit was issued: C.v Total permit(s)valuation: U
E. What was the cost of the improvement? �$✓,
F. Estimated or actual date of completion of these improvements?
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
CITY OF WATERLOO
V/ APPROVED DATED: 1-2 RESOLUTION NO:
DENIED
BLACK HAWK COUNTY ASSESSOR
APPROVED DATED:
T.J. Koenigsfeld
DENIED Black Hawk County Assessor
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.