HomeMy WebLinkAbout2025-188-04.07.2025Docusign 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. 2025-188
A RESOLUTION APPROVING THE REQUEST BY KAYLA
SPROUL, FOR TAX EXEMPTIONS ON THE CONSTRUCTION
OF A NEW SINGLE-FAMILY HOME VALUED AT
$270,000.00, FOR PROPERTY LOCATED AT 121 CORAL
DRIVE AND LOCATED IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA).
WHEREAS, Kayla Sproul, property owner, has submitted a request for tax exemptions
under the City Limits Urban Revitalization Area (CLURA) program for a newly constructed
single-family home valued at $270,000.00; and
WHEREAS, the property is located at 121 Coral Drive, within the designated City Limits
Urban Revitalization Area, as established by City of Waterloo ordinances to encourage
development and improvement within urban boundaries; and
WHEREAS, the construction of this single-family home satisfies the eligibility criteria as
outlined in the CLURA plan, which aims to stimulate residential development and attract
investment within the city's designated areas; and
WHEREAS, granting this tax exemption is intended to enhance the local housing market,
support economic growth, and promote community development; and
WHEREAS, 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 single-family home located at 121 Coral Drive, valued at $270,000.00, in accordance
with the guidelines of the City Limits Urban Revitalization Area plan.
2. The property owner, Kayla Sproul, shall be eligible for specified tax exemptions
subject to compliance with the terms and duration established 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:
p-DocuSigned by:
K& f
T fey`F'ergr 4-City Clerk
SEAL
Signed by:
FuAss
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Ray t euss, `Mayor Pro Tem