HomeMy WebLinkAbout2017-60-2/6/2017 Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-60
RESOLUTION APPROVING THE REQUEST OF CHARLES
BACK FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF
HOME IMPROVEMENTS VALUED AT $74,411, FOR THE
PROPERTY LOCATED AT 616 WYOMING STREET, AND
LOCATED WITHIN THE CONSOLIDATED URBAN
REVITALIZATION AREA (CURA).
WHEREAS, Charles Back, has submitted an application dated January 25, 2017 to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions home
improvements valued at $74,411.00 for the property located at 616 Wyoming Street and within
the Consolidated Urban Revitalization Area(CURA), more fully described as follows:
BLOWERS ADDITION LOT 11 BLOCK 5 N 15 FEET LOT 12 BLOCK 5, 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 home improvements 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 home improvements on said property were 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 6th day of February 2017.
Quentin Hart, Mayor
ATTEST:
J0 00A I'l—A
KelleyZy1clilie
City Clerk
For Office Use Only/
Received by:
Staff to date stamp and 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(CUBA)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
y�Council. �� 1
NAME: C R I /�C SIGNATURE:
ADDRESS: &21 t U
TELEPHONE: Z i C1 Z14 DATE: / J
A. What is the A ress o the prope�ty�eirig improved? &J y M t VJ�1��` t�/�l ' ` f
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What is the Legal Description of the property?(Maybe available at County Recorder's Office on 2nd floor of the Courthouse)?
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B. Indicate desired exemption schedule:(1 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% It. 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)?
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D. City ofWaterloo Building and Inspectior&Department Information:
Permit Number: Date permit was issued: � Total permit(s)valuation:
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 T No
CITY OF WATERLOO T !,
APPROVED DATED: /t 1 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 Otlice for criteria eligibility.
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