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HomeMy WebLinkAbout2025-008-01.06.2025Prepared Nancy Higby, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-008 A RESOLUTION APPROVING THE REQUEST BY ROBSON HOMES INC., FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A NEW TWIN -HOME UNIT VALUED AT $200,000.00, FOR PROPERTY LOCATED AT 4144 OMAHA AVENUE AND LOCATED IN THE CITY LIMITS URBAN REVITALIZATION AREA (CLURA). WHEREAS, Robson Homes Inc. has submitted a request to receive tax exemptions under the provisions of the City's City Limits Urban Revitalization Area (CLURA) program dated December 10, 2024, for property located at 4144 Omaha Avenue, and more fully described as follows: PRAIRIE MEADOW ESTATES A CONDOMINIUM UNIT 4144 IN THE CITY OF WATERLOO, BLACK HAWK COUNTY, IOWA. and; WHEREAS, the proposed construction is for a new single-family home valued at $200,000.00, which qualifies for tax exemption under the CLURA guidelines as officially adopted by the City Council for the City of Waterloo, Iowa; and WHEREAS, the new construction on said property was made during the time in which such improvements are eligible for the tax exemption as set forth in the CLURA Plan as adopted by the City Council of the City of Waterloo, Iowa, and as set forth in the Urban Revitalization Act as adopted by the Legislature of the State of Iowa and signed by the Governor of the State of Iowa; and WHEREAS, the City Council has determined that the improvement noted above is consistent with the goals and objectives of the CLURA Plan, effectively contributing to the urban revitalization of the area; and WHEREAS, said applicant is requesting the following three-year exemption schedule: For the first year 100% For the second year 100% For the third year 100% NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as follows: 1. The request by Robson Homes Inc. for tax exemptions on the construction of a new single-family home valued at $200,000.00 for the property located at 4144 Omaha Avenue is hereby approved. 2. The tax exemption shall be applied in accordance with the conditions set forth in the CLURA program guidelines. 3. The City Clerk is hereby authorized and directed to forward said application and a copy of this resolution to the Black Hawk County Assessor. 4. This resolution shall take effect upon its passage and approval. Resolution 2025-008 Page 2 PASSED AND ADOPTED this 6th day of January 2025. ATTEST: (eIThy Fe(ch(e Kelley Felchle City Clerk SEAL e id .,..ff 4 0 • 0 Querc-drc Ilar6 Quentin Hart, Mayor