HomeMy WebLinkAbout2016-973-12/19/2016 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291-4323.
RESOLUTION NO. 2016-973
RESOLUTION APPROVING THE REQUEST OF DENNIS CLARK
AND MARY ELDRIDGE FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A BUILDING ADDITION AND ATTACHED
GARAGE VALUED AT $61,000 FOR THE PROPERTY LOCATED AT
2204 ASHLAND AVENUE AND LOCATED WITHIN THE
CONSOLIDATED URBAN REVITALIZATION AREA(CURA).
WHEREAS, Dennis Clark and Mary Eldridge, have submitted an application dated November
7, 2016, to the City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions for
construction of a building addition and attached garage valued at $61,000 for the property located at
2204 Ashland Avenue and located within the Consolidated Urban Revitalization Area (LURA), more
fully described as follows:
CUSHMAN HEIGHTS WEST 165 FOOT, LOT 7, IN THE CITY OF WATERLOO,
BLACK HAWK COUNTY, IOWA,
and,
WHEREAS, said property is located within the designated Consolidated Urban Revitalization
Area (CUBA) 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 10-year partial exemption schedule:
For the first year 80%
For the second year 70%
For the third year 60%
For the fourth year 50%
For the fifth year 40%
For the sixth year 40%
For the seventh year 30%
For the eighth year 30%
For the ninth year 20%
For the tenth year 20%
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.
L_
Quentin Hart, Mayor
ATTEST:
Kelley Fele
City Clerk
For Office Use Only
Date Received: C
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 REVTIALIZATION AREA PLAN ADOPTED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO,
The Consolidated Urban Revitalization Area(CUBA)allows property tax exemptions on improvements to property located , 0A
within its boundaries that meet the following criteria: e�s�� MQ►
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 1"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 till out the following information for your application to be submitted to the City Council.
N&ME: D-enlaZ5 C.1 C
t ma" ,d geSIGNATURF: F-
ADDREss: o /
TELEPHONE: �/9' y�S g�jcf DATE: '/1(2 /
A. What is the Address of the property being improved? 2 Z b Ll A-5-,6l!�AGi� V
What is the Legal Description of the property?(May be available at County Recorder's Office on 2°d floor of the Courthouse)?
B. Indicate desired exemption schedule:(1 or 2)
I. One Hundred Percent(1001%)exemption for three years on the actual value added by improvements;
2. C 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% E Sixth Year----40% i. Ninth Year--20%
C. What was the nature of the improvement(s)? j. Tenth Year----20%
D. City of Waterloo Building and hmections Department Information: .
A011-00016.341 `40 p
Permit Number: Date permit
was issued: G��oZO IS Total permit(s)valuation:
--E. What was the cost of the improvement? p , 4000
.. F. Estimated or actual date of completion of these improvements? 14011-7116,
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 /
APPROVED DATED:��/I J, RESOLUTION NO:Zd,b 9–73
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.
I