HomeMy WebLinkAbout2026-030-02.02.2026.docDocusign Envelope ID: 5274EFEF-4D39-4E67-B678-585CC381AF5D
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-030
A 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 4103 OMAHA AVENUE AND
LOCATED IN THE CITY LIMITS URBAN REVITALIZATION
AREA (CLURA).
WHEREAS, Robson Homes Inc. 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 4103 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 4103 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 Inc., shall be eligible for specified tax exemptions
subject to compliance with the terms and duration specified in the CLURA guidelines.
PASSED AND ADOPTED this 2nd day of February 2026. signed by:
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David oesen, Mayor
ATTEST:
Signed by:
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Kelly e c6`re"city Clerk
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