HomeMy WebLinkAbout2025-603-11.03.2025.docDocusign Envelope ID: 1AAO1DEC-56A7-41BA-8480-C42A884085C3
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-603
A RESOLUTION APPROVING THE REQUEST BY ROBSON
HOMES INC., FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW CONDOMINIUM VALUED AT
$200,000.00, FOR PROPERTY LOCATED AT 4113 OMAHA
AVENUE AND LOCATED IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA).
WHEREAS, Robson Homes, property developer, has submitted a request for tax
exemptions under the City Limits Urban Revitalization Area (CLURA) program for a newly
constructed condominium valued at $200,000.00; and
WHEREAS, the property is located at 4113 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 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 a new condominium located at 4113 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, shall be eligible for specified tax exemptions
subject to compliance with the terms and duration specified in the CLURA guidelines.
PASSED AND ADOPTED this 3rd day of November 2025. ,-DocuSigned by:
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ATTEST:
,-Signed by:
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Kelley Felchle, City Clerk
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Quentin" ` art Mayor