HomeMy WebLinkAbout2025-683-12.01.2025.docDocusign Envelope ID: 2A40818A-4C04-4B05-8CFC-A57BAE9A7CF0
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2025-683
RESOLUTION APPROVING THE REQUEST BY
CORREUNTA FORD, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE-FAMILY HOME
VALUED AT $285,000.00, FOR PROPERTY LOCATED AT 114
AXLEWOOD DRIVE AND LOCATED IN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CURA).
WHEREAS, Correunta Ford has requested tax exemptions for the construction of a new
single-family home valued at two hundred eighty-five thousand dollars ($285,000.00) at 114
Axlewood Drive; and
WHEREAS, the property is located within the Consolidated Urban Revitalization Area
(CURA), making it eligible for such tax exemptions under the applicable statutes and ordinances;
and
WHEREAS, the new construction of this 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, the construction of this home contributes to the revitalization efforts of the
area by increasing housing availability and value.
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 City Council of the City of Waterloo,
Iowa, that:
1. The request for tax exemptions by Correunta Ford for the new single-family home at
114 Axlewood Drive is hereby approved.
2. The property owner, Correunta Ford, shall be eligible for specified tax exemptions
subject to compliance with the terms and duration set forth in the CURA.
PASSED AND ADOPTED this 1st day of December 2025.
DocuSigned by:
ATTEST:
,—Signed by:
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Kelley Felchle, City Clerk
SEAL
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Quentin Hart, Mayor