HomeMy WebLinkAbout2002-682-11.18.2002 txCUn
CO t1 LX1
0M: t1tr
E-
H n0
O CD0
•
C=7 H4
Yl'i-ifsizesolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
' Street, Waterloo, Iowa.
C
H o RESOLUTION NO. 2002-682
c o RESOLUTION SUPPORTING D.D. DEVELOPMENT OF
• t; G ,y STERLING, INC. TO BE ELIGIBLE FOR TAX CREDIT
• '`' FOR PURCHASE AND RENOVATION OF THE STARLIGHT
r✓1 G CJ ix: H
0 • 4-+ tr VILLAGE HOTEL IN THE CITY OF WATERLOO.
Q ti7
tll
rI ;WHEREAS, the City of Waterloo, Iowa, has been informed by
r° '1] 4. mDevelopment of Sterling, Inc . that a tax credit application
cA '4viiLi be filed with the Iowa Finance Authority for purchase and
rnreiibTration of the Starlight Village Hotel located at 214
F Washington Street, Waterloo, Iowa, to provide low and moderate-
;incone elderly housing units, and
E� .
0 WHEREAS, this housing project will contain one hundred
thirty-five units, and
WHEREAS, the units will be targeted toward low and moderate-
income elderly, and
WHEREAS, the property will have the following amenities :
salon, swimming pool, grocery, community rooms, meal facility and
reading room.
NOW, THEREFORE, BE IT RESOLVED BY THE 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 November 18, 2003 . 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 18th day of November, 2002 .
John R. .ff, Mayor I
ATTEST:
Nancy Ecke , &rk