HomeMy WebLinkAbout2024-246-05.06.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-246
RESOLUTION IN SUPPORT OF AN APPLICATION BY J & R
REAL ESTATE HOLDINGS, LLC, FOR THE IOWA
WORKFORCE HOUSING TAX CREDIT PROGRAM
APPLICATION TO THE IOWA ECONOMIC DEVELOPMENT
AUTHORITY, TO CONSTRUCT TWENTY-SEVEN (27) NEW
RESIDENTIAL UNITS, LOCATED AT 1729 MULBERRY
STREET, INCLUDING A POTENTIAL FOR TAX
ABATEMENT THROUGH THE CONSOLIDATED 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 J & R Real Estate Holdings, LLC,
for the Iowa Workforce Housing Tax Credit Program application to the Iowa Economic
Development Authority, to construct twenty-seven (27) new residential units, located at 1729
Mulberry Street, including potential for tax abatement through the Consolidated Urban
Revitalization Area tax abatement program upon substantial completion.
PASSED AND ADOPTED this 6th day of May 2024.
ATTEST:
LeAnn M. Even, Deputy City Cler
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Quentin Hart, Mayor