HomeMy WebLinkAbout2024-247-05.06.2024Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2024-247
RESOLUTION IN SUPPORT OF AN APPLICATION BY 3350
UNIVERSITY AVENUE, LLC, FOR THE IOWA WORKFORCE
HOUSING TAX CREDIT PROGRAM APPLICATION TO THE
IOWA ECONOMIC DEVELOPMENT AUTHORITY, TO
CONSTRUCT NINETY-FIVE (95) NEW HOUSING UNITS,
LOCATED AT 3350 UNIVERSITY AVENUE, INCLUDING
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 3350 University Avenue, LLC, for
the Iowa Workforce Housing Tax Credit Program application to the Iowa Economic
Development Authority, to construct ninety-five (95) new housing units, located at 3350
University Avenue, 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