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HomeMy WebLinkAbout2025-183-04.07.2025Docusign Envelope ID: ElFF0F93-3B01-482D-A407-31FCA1796F00 Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323. RESOLUTION NO. 2025-183 A RESOLUTION APPROVING THE REQUEST BY JASON LAWLESS FOR TAX EXEMPTIONS ON THE CONSTRUCTION OF A NEW SINGLE-FAMILY HOME VALUED AT $235,000.00, FOR PROPERTY LOCATED AT 132 AXLEWOOD DRIVE, AND LOCATED IN THE CONSOLIDATED URBAN REVITALIZATION AREA (CURA). WHEREAS, Jason Lawless, property owner, has submitted a request for tax exemptions under the Consolidated Urban Revitalization Area (CURA) program for a newly constructed single-family home valued at $235,000.00; and WHEREAS, the property is located at 132 Axlewood Drive, within the designated Consolidated Urban Revitalization Area, as established by City of Waterloo ordinances to encourage development and improvement of specified areas; and WHEREAS, the new construction of this single-family home meets the eligibility criteria as outlined in the CURA plan, which aims to foster residential development and investment in the urban core; and WHEREAS, granting this tax exemption is anticipated to enhance the local housing stock, stimulate economic growth, and promote community revitalization; and WHEREAS, the request has been reviewed by city staff and complies with all necessary requirements for participation in the CURA program; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo as follows: 1. The City Council hereby approves the request for tax exemptions for the construction of the new single-family home located at 132 Axlewood Drive, valued at $235,000.00, as per the guidelines of the Consolidated Urban Revitalization Area plan. 2. The property owner, Jason Lawless, shall be eligible for specified tax exemptions subject to compliance with the terms and duration set forth in the CURA. 3. This resolution shall become effective immediately upon its approval and adoption by the City Council. PASSED AND ADOPTED this 7th day of April 2025. ATTEST: ,-DocuSigned by: 16a, FLU& 82B 0 44F . Kelley r e chi` e, City Clerk SEAL Signed by: UASS 77 51EDB4C5841F... Ray Feuss, Mayor Pro Tem