HomeMy WebLinkAbout2025-576-10.20.2025.docDocusign Envelope ID: FC6FFF10-57C3-46D1-9826-EFDC21F34FOF
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-576
RESOLUTION APPROVING THE REQUEST BY TROY
SEEMANN, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE-FAMILY HOUSE
VALUED AT $280,000.00, FOR PROPERTY LOCATED AT
2230 INDEPENDENCE AVENUE AND LOCATED IN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CURA).
WHEREAS, Troy Seemann, 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 $280,000.00; and
WHEREAS, the property is located at 2230 Independence Avenue, within the designated
Consolidated Urban Revitalization Area, 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; and
WHEREAS, said applicants are requesting the following 10-year partial exemption
schedule:
For the first year 80%
For the second year 70%
For the third year 60%
For the fourth year 50%
For the fifth year 40%
For the sixth year 40%
For the seventh year 30%
For the eighth year 30%
For the ninth year 20%
For the tenth year 20%
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA,
1. The City Council hereby approves the request for tax exemptions for the construction
of the new single-family home located at 2230 Independence Avenue, valued at $280,000.00, as
per the guidelines of the Consolidated Urban Revitalization Area plan.
2. The property owner, Troy Seemann, shall be eligible for specified tax exemptions
subject to compliance with the terms and duration set forth in the CURA.
PASSED AND ADOPTED this 20th day of October 2025.
Docusign Envelope ID: FC6FFF10-57C3-46D1-9826-EFDC21F34FOF
Resolution 2025-576
Page 2
-DocuSigned by:
uue°ntinDIarimayor
ATTEST:
,-Signed by:
lettlel f
Kelteytelchle City Clerk
SEAL