HomeMy WebLinkAbout2023-356-06.05.2023Prepared by LeAnn M. Even, City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA
50703, (319) 291-4323.
RESOLUTION NO. 2023-356
RESOLUTION SUPPORTING AN APPLICATION BY FDP OC,
LLC, FOR THE IOWA WORKFORCE HOUSING TAX CREDIT
PROGRAM APPLICATION TO THE IOWA ECONOMIC
DEVELOPMENT AUTHORITY, TO CONSTRUCT SIXTY-
NINE (69) NEW HOUSING UNITS LOCATED AT 501-503
COMMERCIAL STREET, INCLUDING A POTENTIAL
$345,000.00 1NFILL INCENTIVE UPON SUBSTANTIAL
COMPLETION, AND AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE SAID DOCUMENT.
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, that
the City Council of the City of Waterloo supports the application by FDP OC, LLC, for the Iowa
Workforce Housing Tax Credit Program application to the Iowa Economic Development
Authority, to construct sixty-nine (69) new housing units located at 501-503 Commercial Street,
including a potential $345,000.00 infill incentive upon substantial completion„ and authorizes
the Mayor and City Clerk to execute said documents on behalf of the City of Waterloo, Iowa.
PASSED AND ADOPTED this 5th day of June 2023.
ATTEST:
J(elley Felchle
Kelley Felchle, City Clerk
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Quentin Hart, Mayor