HomeMy WebLinkAbout2017-61-2/6/2017 -14
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2017-61
RESOLUTION APPROVING THE REQUEST OF DAVID
SCHAKE FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF HOME IMPROVEMENTS VALUED AT $40,000, FOR THE
PROPERTY LOCATED AT 2623 IDAHO STREET, AND
LOCATED WITHIN THE CONSOLIDATED URBAN
REVITALIZATION AREA(CURA).
WHEREAS, David Schake, has submitted an application dated January 26, 2017 to the
City Council of the City of Waterloo, Iowa, requesting to receive tax exemptions home
improvements valued at $40,000.00 for the property located at 2623 Idaho Street and within the
Consolidated Urban Revitalization Area(CURA), more fully described as follows:
UNPLATTED WLOO EAST N 165 FT S 1/2 E 10 A SE SW SEC 18 T 89 R 12,
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 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 6t'day of February 2017.
Resolution No. 2017-61
Page 2
Quentin Hart, Mayor
ATTEST:
0�&60 A' &
Kelley F 1 le
City Cler
;- . �®0 1
CONSOLIDATED URBAN REVITALIZATION APPLICATION
FOR PROPERTY TAX EXEMPTION FOIE`Ii4ROVEMENTS UNDER THE N V,r
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 a, rrtprovements 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 11 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 bee granted by the City Council or County Board of Supervisors.
Please fill out the il
following information for your application to be submitted to the City Council.
({
NAME: � aJc�% cX U/�'/+z SIGNATURE:
ADDRESS: S73Y rV- 8"r►o,I RJ 70->
TELEPHONE: Jt9 �2 0) 3510 DATE: 6 ,,2,a t-7
A. What is the 41ddress of the property being improved?
What is the Legal Description of the property?(May be available at County Recorder's Office on 2"d floor of the
Courthouse)?
l�no,c�frea �, t6�fn! �bS F s y �_�� ,�} sF sw� S�z >�•r ��rR ��.
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. _,)L_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
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D.
D. City of Waterloo Building and Inspections 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? /A111 _2 y t 7
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 /1)+
CITY
1) -
CITY OF WATERLOO 1
APPROVED DATED: t!6 11 RESOLUTION NO:�-6 I
DENIED
BLACK HAWK COUNTY ASSESSOR
APPROVED DATED:
Tami McFarland
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.
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