HomeMy WebLinkAbout2026-342-07.06.2026.docDocusign Envelope ID: AF1A158D-DDOE-8E16-8256-5798860AE9CE
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-342
RESOLUTION APPROVING THE REQUEST BY BECKER
RENTAL, LLC, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE-FAMILY HOME
VALUED AT $280,529.00, FOR PROPERTY LOCATED AT 117
AXLEWOOD DRIVE, AND LOCATED IN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CURA).
WHEREAS, Becker Rental, LLC has requested tax exemptions for the construction of a
new single-family home valued at $280,529.00for property located at 117 Axlewood Drive, 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 residential housing,
stimulate economic growth, and promote 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,
Iowa, that:
1. The City Council hereby approves the request by Becker Rental, LLC for tax
exemptions for the construction of a new single-family home located at 117 Axlewood Drive,
valued at $280,529.00, in accordance with the guidelines of the City Urban Revitalization Area
plan.
2. The property owner, Becker Rental, LLC shall be eligible for specified tax exemptions
subject to compliance with the terms and duration set forth in the CURA guidelines.
PASSED AND ADOPTED this 6th day of July 2026.
ATTEST:
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Kelley Felchle, City Clerk
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David Boesen, Mayor