HomeMy WebLinkAbout2026-228-05.04.2026.docDocusign Envelope ID: 5967226C-E115-8BFB-81 D2-95B50BB1 E978
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-228
A RESOLUTION APPROVING THE REQUEST BY LIVIU
DEGERATU FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE-FAMILY HOME
VALUED AT $459,900.00, FOR PROPERTY LOCATED AT 128
PARADISE BOULEVARD, AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA (CLURA).
WHEREAS, Liviu Degeratu 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 $459,900.00, and
WHEREAS, the property is located at 128 Paradise Boulevard 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 128 Paradise Boulevard, valued at $459,900.00, in
accordance with the guidelines of the City Limits Urban Revitalization Area plan.
2. The property owner, Liviu Degeratu shall be eligible for specified tax exemptions
subject to compliance with the terms and duration specified in the CLURA guidelines.
PASSED AND ADOPTED this 4th day of May 2026.
ATTEST:
Signed by:
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Kelley Felchle, City Clerk
SEAL
Signed by:
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David Boesen, Mayor