HomeMy WebLinkAbout2026-016-01.20.2026.docDocusign Envelope ID: 42EF59D5-C96A-4898-AECB-54020877F944
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-016
A RESOLUTION APPROVING THE REQUEST BY JOFELLE
CORONA AND FILOMENO CORONA JR., FOR TAX
EXEMPTIONS ON THE CONSTRUCTION OF A NEW
SINGLE-FAMILY HOME VALUED AT $459,890.00, FOR
PROPERTY LOCATED AT 5760 WALL STREET AND
LOCATED IN THE CITY LIMITS URBAN REVITALIZATION
AREA (CLURA).
WHEREAS, Jofelle Corona and Filomeno Corona Jr., has submitted a request for tax
exemptions under the City Limits Urban Revitalization Area (CLURA) program for a newly
constructed single-family home valued at $459,890.00; and
WHEREAS, the property is located at 5760 Wall Street 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 single-family home 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 single-family home located at 5760 Wall Street, valued at $459,890.00, in accordance
with the guidelines of the City Limits Urban Revitalization Area plan.
2. The property owner, Jofelle Corona and Filomeno Corona Jr., shall be eligible for
specified tax exemptions subject to compliance with the terms and duration specified in the
CLURA guidelines.
PASSED AND ADOPTED this 20th day of January 2026. signed by:
Piak , INGSUA,
aaviaTioesen, Mayor
ATTEST:
Signed by:
Fdelde
I�elFley °efc iie,BCity Clerk
SEAL