HomeMy WebLinkAbout2026-347-07.06.2026.docDocusign Envelope ID: A79C989C-6D79-8E26-82EC-7AE09B70E88A
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-347
RESOLUTION APPROVING THE REQUEST BY STEVE
DROSTE, FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW SINGLE-FAMILY HOME
VALUED AT $350,000.00, FOR PROPERTY LOCATED AT
1016 BISHOP AVENUE, AND LOCATED IN THE
CONSOLIDATED URBAN REVITALIZATION AREA (CURA).
WHEREAS, Steve Droste has requested tax exemptions for the construction of a new
single-family home valued at $350,000.00 for property located at 1016 Bishop Avenue, 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 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 City Council hereby approves the request by Steve Droste for tax exemptions for
the construction of a new single-family home located at 1016 Bishop Avenue, valued at
$350,000.00, in accordance with the guidelines of the City Urban Revitalization Area plan.
2. The property owner, Steve Droste 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.
Signed by:
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David oesen, Mayor
Docusign Envelope ID: A79C989C-6D79-8E26-82EC-7AE09B70E88A
Resolution No. 2026-347
Page 2
ATTEST:
,-Signed by:
Kelley. f
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Kelley Felchle, City Clerk
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