HomeMy WebLinkAbout2025-620-11.03.2025.docDocusign Envelope ID: 1AA01DEC-56A7-41BA-8480-C42A884085C3
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-620
RESOLUTION APPROVING THE REQUEST BY BLACK
HAWK LLC, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW COMMERCIAL BUILDING
VALUED AT $535,000.00, FOR PROPERTY LOCATED AT
1923 BLACK HAWK STREET AND LOCATED IN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CURA).
WHEREAS, Black Hawk, LLC, property owner, has submitted a request for tax
exemptions under the Consolidated Urban Revitalization Area (CURA) program for a newly
constructed commercial building valued at $535,000.00; and
WHEREAS, the property is located at 1923 Black Hawk 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 commercial building 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 commercial
buildings, 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 commercial building located at 1923 Black Hawk Street, valued at $535,000.00, as
per the guidelines of the Consolidated Urban Revitalization Area plan.
2. The property owner, Black Hawk, 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 3rd day of November 2025.
DocuSigned by:
ATTEST:
Signed by:
K f dd&
I fey e ctle Atity Clerk
SEAL
D0525D78AAC8449...
Quentin Hart Mayor