HomeMy WebLinkAbout2008-958-10/27/2008 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2008-958
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF WATERLOO, IOWA, SUPPORTING COMMONBOND
COMMUNITIES' APPLICATION FOR LOW INCOME
HOUSING TAX CREDIT .
WHEREAS, the City of Waterloo, Iowa has been informed by
CommonBond Communities that a Low-Income Housing Tax Credit
Application (will or has been) filed with the Iowa Finance
Authority for the development of affordable rental housing to be
located at the southeast corner of Newell and Mobile Streets,
Waterloo, Iowa with a legal description as follows :
Unplatted Waterloo East all that part of the Northeast
1q of the Northeast �14 of Section 24 Township 89 Range
13 lying West of the West line of Ash Street and North
of the North line of Webster Street and South of the
South line of Newell Street excepting the West 30
feet, all in the City of Waterloo, Black Hawk County,
Iowa.
WHEREAS, this housing project will contain 40 units, and
WHEREAS, the units will be targeted to families, and
WHEREAS, the project will be a new construction, and
WHEREAS, the project is a good infill development project,
providing affordable housing options that is complimented by
training programs through partnership with Sisters of Mercy, and
WHEREAS, the project is in good proximity to new school for
school age children, and
WHEREAS, the property will have the following amenities :
1 . Play area for kids, computer center, and community
space.
2 . Self-sufficiency and youth academic services : job
training, job placement, parenting, computer and
adult education, youth academic and literacy
programs, health and wellness .
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that we support and approve the
development of the aforesaid housing in our community, subject
to city ordinances and the building permit process . This
resolution is effective until December 31, 2008 . In the event
that any of the characteristics mentioned above should change
prior to the issuance of a building permit, this resolution is
null and void.
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_solution No. 2008-958
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PASSED AND ADOPTED this 27th day of October, 2008 .
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