HomeMy WebLinkAbout2025-185-04.07.2025Docusign 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. 2025-185
A RESOLUTION APPROVING THE REQUEST BY ROBSON
HOMES INC., FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW CONDOMINIUM UNIT
VALUED AT $200,000.00, FOR PROPERTY LOCATED AT
4132 OMAHA AVENUE, AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA (CLURA).
WHEREAS, Robson Homes Inc., property developer, has submitted a request for tax
exemptions under the City Limits Urban Revitalization Area (CLURA) program for a newly
constructed condominium unit valued at $200,000.00; and
WHEREAS, the property is located at 4132 Omaha Avenue, within the designated City
Limits Urban Revitalization Area, as established by City of Waterloo ordinances to foster
development and improve designated urban areas; and
WHEREAS, the construction of this condominium unit meets the eligibility criteria
outlined in the CLURA plan, which is designed to promote residential development and attract
investment within the city's urban boundaries; and
WHEREAS, granting this tax exemption is anticipated to enhance the local housing
market, stimulate economic growth, and contribute to community revitalization; and
WHEREAS, said applicant is requesting 100% exemption for three years on the actual
value added by improvements;
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 condominium unit located at 4132 Omaha Avenue, valued at $200,000.00, in
accordance with the guidelines of the City Limits Urban Revitalization Area plan.
2. The property owner, Robson Homes Inc., shall be eligible for specified tax exemptions
subject to compliance with the terms and duration specified in the CLURA guidelines.
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:
! &ey f L;fie
kTreyf e c° ae tity Clerk
SEAL
Signed by:
FUASS
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Ray Feuss, Mayor Pro Tem