HomeMy WebLinkAbout2026-236-05.04.2026.docDocusign Envelope ID: C31D2ABC-02CE-8D1D-82CB-248B7174640B
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-236
RESOLUTION IN SUPPORT OF AN APPLICATION BY
EASTSIDE DEVELOPMENT PARTNERS, LLC, FOR THE
IOWA BROWNFIELD REDEVELOPMENT TAX CREDIT
APPLICATION TO THE IOWA ECONOMIC DEVELOPMENT
AUTHORITY, TO CONSTRUCT THIRTY-ONE NEW
RESIDENTIAL UNITS IN THE FRANKLIN GATEWAY
NEIGHBORHOOD, INCLUDING A $155,000.00 INFILL
GRANT INCENTIVE.
WHEREAS, Eastside Development Partners, LLC, proposes to construct thirty-one (31)
new residential units in the Franklin Gateway Neighborhood in the City of Waterloo, Iowa; and
WHEREAS, Eastside Development Partners, LLC, is applying to the Iowa Economic
Development Authority for Brownfield Redevelopment Tax Credits for the project; and
WHEREAS, the City of Waterloo supports the project and the application, and desires to
provide a $155,000.00 infill grant incentive in support of the project.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA,
1. The City Council hereby supports the application by Eastside Development Partners,
LLC, to the Iowa Economic Development Authority for Brownfield Redevelopment Tax Credits
for the construction of thirty-one (31) new residential units in the Franklin Gateway
Neighborhood.
2. The City Council hereby approves a $155,000.00 infill grant incentive for the project,
subject to applicable City requirements and approval of any necessary agreements.
PASSED AND ADOPTED this 5 ' day of May 2026.
"—Signed by:
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David Boesen, Mayor
ATTEST:
ESigned by:
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Kelley Felchle, City Clerk