HomeMy WebLinkAbout2024-244-05.06.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-244
RESOLUTION IN SUPPORT OF AN APPLICATION BY BCS
PROPERTIES, LLC, FOR THE IOWA WORKFORCE
HOUSING TAX CREDIT PROGRAM APPLICATION TO THE
IOWA ECONOMIC DEVELOPMENT AUTHORITY, TO
CONSTRUCT SIXTY (60) NEW HOUSING UNITS, LOCATED
NORTH OF 1900 W. RIDGEWAY AVENUE, INCLUDING
POTENTIAL FOR TAX ABATEMENT THROUGH THE CITY
LIMITS URBAN REVITALIZATION AREA TAX
ABATEMENT PROGRAM UPON SUBSTANTIAL
COMPLETION.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA, that the City of Waterloo supports the application by BCS Properties, LLC, for the Iowa
Workforce Housing Tax Credit Program application to the Iowa Economic Development
Authority, to construct sixty (60) new housing units, located north of 1900 W. Ridgeway
Avenue, including potential for tax abatement through the City Limits Urban Revitalization Area
tax abatement program upon substantial completion.
PASSED AND ADOPTED this 6th day of May 2024.
ATTEST:
LeAnn M. Even, Deputy City C
SEAL
.11; 0
•
11i1is141reeilfl1PIEIf
--
0
QueftWz �CrE
Quentin Hart, Mayor