HomeMy WebLinkAbout2025-539-10.06.2025.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. 2025-539
RESOLUTION APPROVING THE REQUEST BY CEDAR
VALLEY 4 RENT LLC, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW COMMERCIAL BUILDING
VALUED AT $400,000.00, FOR PROPERTY LOCATED AT 339
W. 13TH STREET AND LOCATED IN THE CONSOLIDATED
URBAN REVITALIZATION AREA (CURA).
WHEREAS, Cedar Valley 4 Rent, LLC, 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 $400,000.00; and
WHEREAS, the property is located at 339 W. 13th Street, 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 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 339 W. 13th Street, valued at $400,000.00, as per the
guidelines of the Consolidated Urban Revitalization Area plan.
2. The property owner, Cedar Valley 4 Rent, LLC, 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.
E▪ Signed by:
,A, ,GIV't
▪ 5D AACMayor
Quentin art
ATTEST:
"—Signed by:
Key f eleat
Kelley eellchfie, Lity Clerk
SEAL
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