HomeMy WebLinkAbout2007-893-10/15/2007 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
S-freet, Waterloo, Iowa .
RESOLUTION NO. 2007-893
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF WATERLOO, IOWA, SUPPORTING CARDINAL
CAPITAL MANAGEMENT FOR LOW-INCOME HOUSING
TAX CREDIT .
WHEREAS, the City of Waterloo, Iowa has been informed by
Cardinal Capital Management that a Low-Income Housing Tax Credit
Application will be filed with the Iowa Finance Authority for
the rehabilitation of existing units at 1231-1297 Downing Court
near Black Hawk School, Waterloo, Iowa with a legal description
as follows :
Unplatted Waterloo West point Northwest 1/4 Northeast
1/4 Section 28 Township 89 Range 13 beginning at the
Southwest corner of Northwest 1/4 Northeast 1/4
Section 28 Township 89 Range 13 thence Northerly along
West line of the Northwest 1/4 Northeast 1/4 of
Section 28 a distance of 451 feet thence Easterly
along a line parallel to South line of Northwest 1/4
Northeast 1/4 of Section 28 a distance of 340 . 76 feet
more or less to the West line Charles Addition thence
Southerly along West line Charles Addition and
Southerly extension thereof 451 feet to the South line
of the Northwest 1/4 Northeast 1/4 of Section 28
thence Westerly a distance of 336. 96 feet more or less
to the point of beginning except street Section 28
Township 89 Range 13, City of Waterloo, Black Hawk
County, Iowa .
WHEREAS, this housing project will contain 30 units, and
WHEREAS, the units will be targeted to affordable housing,
and
WHEREAS, the project will be rehabilitation.
NOW, THEREFORE, BE IT RESOLVED BY 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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REpqljition No. 2007-893
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