HomeMy WebLinkAbout2026-381-07.20.2026.docDocusign Envelope ID: 812AEA90-C2A7-8739-8148-DFDB86C5D3ED
Prepared LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street, Waterloo,
IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-381
A RESOLUTION APPROVING THE REQUEST BY ERIC AND
KIMBERLY WOODWARD FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW TOWN HOUSE VALUED AT
$369,900.00, FOR PROPERTY LOCATED AT 4182 MYSTIC
DRIVE, AND LOCATED IN THE CITY LIMITS URBAN
REVITALIZATION AREA (CLURA).
WHEREAS, Eric and Kimberly Woodward have submitted a request for tax exemptions
under the City Limits Urban Revitalization Area (CLURA) program for a newly constructed
town house valued at $369,900.00, and
WHEREAS, the property is located at 4182 Mystic Drive 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 town house 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 applicants are 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 town house located at 4182 Mystic Drive, valued at $369,900.00, in accordance with
the guidelines of the City Limits Urban Revitalization Area plan.
2. The property owners, Eric and Kimberly Woodward shall be eligible for specified tax
exemptions subject to compliance with the terms and duration specified in the CLURA
guidelines.
PASSED AND ADOPTED this 20`" day of July 2026.
ATTEST:
1—Signed by:
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Kelley ref Me, City Clerk
SEAL
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,—Signed by:
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David Boesen, Mayor