HomeMy WebLinkAbout2026-501-09.21.2026.docDocusign Envelope ID: 562DD6CC-F8C4-87D2-8049-9781D65E5E4E
Prepared by LeAnn M. Even, Deputy City Clerk, City of Waterloo, 715 Mulberry Street,
Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2026-501
RESOLUTION APPROVING THE REQUEST BY ROBSON
HOMES INC., FOR TAX EXEMPTIONS ON THE
CONSTRUCTION OF A NEW TWIN HOME UNIT VALUED
AT $200,000.00, FOR PROPERTY LOCATED AT 558
GRINDSTONE CIRCLE AND LOCATED IN THE CITY
LIMITS URBAN REVITALIZATION AREA (CLURA).
WHEREAS, Robson Homes Inc. has submitted a request for tax exemption under the
City Limits Urban Revitalization Area (CLURA) program for a newly constructed twin home
valued at $200,000,00; and
WHEREAS, the property is located at 558 Grindstone Circle 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 twin home unit 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,
Iowa, that:
1. That the City Council hereby approves the request for tax exemptions for the
construction of a new twin home located at 558 Grindstone Circle, valued at $200,000.00, in
accordance with the guidelines of the City Limits Urban Revitalization Area plan.
2. That the property owners, Robson Homes, Inc. shall be eligible for specified tax
exemptions subject to compliance with the terms and duration specified in the CLURA
guidelines.
PASSED AND ADOPTED this 21' day of September 2026.
ATTEST:
"—Signed by: f cid&
i-buBFrBa4HB.
Kelley ?defile, Ile, City Clerk
SEAL
IN r
0
01111111111
�
Signed by:
5avi 1, 156t,St,ln,
39.i 8" /B3U34L1...
Davi oesen, Mayor