HomeMy WebLinkAbout2025-619-11.03.2025.docDocusign Envelope ID: 1AAO1DEC-56A7-41BA-8480-C42A884085C3
ATTEST:
Signed by:
K f dcat
I fey e ctle Atity Clerk
SEAL
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-619
RESOLUTION APPROVING THE REQUEST BY SAJ
MUKHTAR, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE-FAMILY HOME
VALUED AT $440,000.00, FOR PROPERTY LOCATED AT
2319 OSAGE AVENUE AND LOCATED IN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CURA).
WHEREAS, Saj Mukhtar, 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 $440,000.00; and
WHEREAS, the property is located at 2319 Osage Avenue, 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, said applicant is requesting the following three-year exemption schedule:
For the first year 100%
For the second year 100%
For the third year 100%
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 2319 Osage Avenue, valued at $440,000.00, as per the
guidelines of the Consolidated Urban Revitalization Area plan.
2. The property owner, Saj Mukhtar, shall be eligible for specified tax exemptions subject
to compliance with the terms and duration set forth in the CURA.
PASSED AND ADOPTED this 3rd day of November 2025.
DocuSigned by:
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Quentin' ar Vrayor