HomeMy WebLinkAbout2025-068-02.03.2025Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-068
A RESOLUTION APPROVING THE REQUEST BY STEVEN
AND YVONNE SMITH, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE-FAMILY HOME
VALUED AT $250,000.00, FOR PROPERTY LOCATED AT
2324 MAYNARD AVENUE AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA (CLURA).
WHEREAS, the City of Waterloo has designated a City Limits Urban Revitalization
Area (CLURA) to support residential development and stimulate property value enhancement
within its urban core; and
WHEREAS, Steven and Yvonne Smith have applied for tax exemptions concerning the
construction of a new single-family home at 2324 Maynard Avenue, pursuant to the CLURA
guidelines; and
WHEREAS, the new home construction project, valued at $250,000.00, meets the
eligibility criteria under CLURA, aligning with the initiative's objectives to support urban
revitalization; and
WHEREAS, the development is expected to enhance the residential appeal of the area,
contribute to property value appreciation, and support broader community and economic
development; and
WHEREAS, following a review process, the application has been determined to be in full
compliance with applicable regulations and aligns with the objectives of the CLURA initiative;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as
follows:
1. The request by Steven and Yvonne Smith for tax exemptions on the construction of a
new single-family home valued at $250,000.00 at 2324 Maynard Avenue is hereby approved.
2. This approval is contingent upon compliance with all applicable codes and regulations
throughout the completion of the renovations.
3. The City Clerk is hereby instructed to certify a copy of this resolution and forward it to
the Black Hawk County Assessor's Office to proceed with the tax exemption process in
accordance with the Iowa Code.
4. This resolution shall become effective immediately upon its approval and adoption by
the City Council.
PASSED AND ADOPTED this 2nd day of February 2025.
Quentin Hart, Mayor
Resolution 2025-068
Page 2
ATTEST:
(elley Felchle
Kelley Felchle, City Clerk