HomeMy WebLinkAbout2001-172-04.23.2001 This Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Street, Waterloo, Iowa.
RESOLUTION NO. 2001-172
RESOLUTION SUPPORTING JOHN FOLEY DBA WATERLOO
APARTMENTS PARTNERS, L.L.C. TO BE ELIGIBLE FOR
LOW-INCOME AND HISTORIC TAX CREDITS TO ASSIST
FINANCING OF WHITTIER AND EMERSON SCHOOL
RENOVATIONS IN THE CITY OF WATERLOO.
WHEREAS, the City of Waterloo, Iowa has been informed by
Central States Development, L.L.C. 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 at
Waterloo, Iowa with a legal description as follows :
1 . Emerson School-314 Randolph Street, Waterloo, Iowa,
Black Hawk County, Lots 8 through 14, Block 7,
Leavitt' s Addition to Waterloo, Iowa.
2 . Whittier School-416 Sullivan Street, Waterloo,
Iowa, Black Hawk County, Lots 1 through 10,
"Shaulis Addition" in Waterloo, Iowa.
WHEREAS, this housing project will contain thirty-eight (38)
units, and
WHEREAS, the units will be targeted toward families, and
WHEREAS, the property will have the following amenities :
1 . Appliances including refrigerator, stove, oven and
microwave.
2 . Heat and air conditioning.
3. Carpet where needed.
4 . Window coverings.
5. Two bathrooms for the two and three bedroom units .
WHEREAS, the Sponsor has requested local assistance through
Historic Tax Abatement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF WATERLOO CITY
COUNCIL, 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, 2001 . 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 23rd day of April, 2001 .
406 y
Joh R. '.of , Mayor/,
ATTEST:
Nancy Eck, City Clerk