HomeMy WebLinkAbout2005-1030-11.14.2005 � as
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.This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
-Street, Waterloo, Iowa.
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_._ RESOLUTION NO. 2005-1030
RESOLUTION OF THE CITY COUNCIL OF THE CITY
~_ OF WATERLOO, IOWA, SUPPORTING THE STERLING
;, GROUP FOR LOW-INCOME HOUSING TAX CREDIT .
WHEREAS, the City of Waterloo, Iowa has been informed by
-the Sterling Group that a Low-Income Housing Tax Credit
• _Application will be filed with the Iowa Finance Authority for
the development of affordable rental housing to be located
-.behind the Super Target with access points at Bethel Street and
Camelot Court, Waterloo, Iowa with a legal description as
._-- --follows :
The East 10 acres of the South 20 acres of the North 40
acres of the Northwest Fractional Quarter and the East
1175 feet of the South 5 acres of the North 45 acres of
the Northwest Fractional Quarter, except that part of
the above described parcels lying West of the Centerline
of Bethel Street if extended, and except street, all in
Section 2 Township 88 Range 13, all in the City of
Waterloo, Black Hawk County, Iowa;
and
WHEREAS, this housing project will contain up to 80 units,
and
WHEREAS, the units will be targeted to elderly, and
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, 2006. 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 14th day of November, 2005 .
Ron Welper, Mayor Pr em
ATTEST:
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Nanc cke- - CMC
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City Clerk