HomeMy WebLinkAbout2007-914-10/22/2007 < C
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TYf t Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Stt�Epet, Waterloo, Iowa.
RESOLUTION NO. 2007-914
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RESOLUTION OF THE CITY COUNCIL OF THE CITY
n OF WATERLOO, IOWA, SUPPORTING WHITMAN POINT
c o
s mob" FOR LOW-INCOME HOUSING TAX CREDIT.
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WHEREAS, the City of Waterloo, Iowa has been informed by
c W1At::rnan Point that a Low-Income Housing Tax Credit Application
willx be filed with the Iowa Finance Authority for the
deve-lopment of an affordable assisted senior living facility to
be located within the 1100 block of Flammang Drive, Waterloo,
4 Iqw� with a legal description as follows :
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Lot 5 of Fortune Addition and Lots 8-91 17-22, the West
51 feet of Lot 16 and the West 62 feet of Lot 23 of
Richland Park Addition in Waterloo, Black Hawk County,
Iowa.
' WHEREAS, this housing project will contain 50-60 units and
will be targeted to the elderly, and
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WHEREAS, the project will be a new construction, and
WHEREAS, the Ownership Entity has requested no local
assistance .
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.
PASSED AND ADOPTED this 22°d day of October, 2007 .
Tim Hurley, M or
ATTEST :
Nancy Ec rt, CMC
City Cler
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