HomeMy WebLinkAbout2026-227-05.04.2026.docDocusign Envelope ID: 5967226C-E115-8BFB-81 D2-95B50BB1 E978
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-227
RESOLUTION APPROVING THE REQUEST BY GEORGE
COOLEY, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW COMMERCIAL BUILDING
VALUED AT $1,347,547.00, FOR PROPERTY LOCATED AT
814 SOUTH STREET, AND LOCATED IN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CURA).
WHEREAS, George Cooley has requested tax exemptions for the construction of a new
commercial building valued at $1,347,547.00 for property located at 814 South Street, 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 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 applicants are requesting the following 10-year partial exemption
schedule:
For the first year 80%
For the second year 70%
For the third year 60%
For the fourth year 50%
For the fifth year 40%
For the sixth year 40%
For the seventh year 30%
For the eighth year 30%
For the ninth year 20%
For the tenth year 20%
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo,
Iowa, that:
1. The request for tax exemptions by George Cooley for the new commercial building at
814 South Street is hereby approved.
2. The property owner, George Cooley, shall be eligible for specified tax exemptions
subject to compliance with the terms and duration set forth in the CURA.
PASSED AND ADOPTED this 4th day of May 2026.
ATTEST:
"—Signed by:
—3ya 9/BJD3421
David Boesen, Mayor
Signed by:
Kelley Fes&
— �F66BC4F PBS64AB
Docusign Envelope ID: 5967226C-E115-8BFB-81 D2-95B50BB1 E978
Resolution No. 2026-227
Page 2
Kelley Felchle, City Clerk
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