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HomeMy WebLinkAbout2026-509-09.21.2026.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. 2026-509 RESOLUTION DETERMINING THE NECESSITY AND SETTING DATE OF PUBLIC HEARING AS OCTOBER 19, 2026, TO APPROVE AMENDMENT NO. 1 TO THE SOUTH WATERLOO UNIFIED URBAN RENEWAL AND REDEVELOPMENT PLAN, TO REMOVE PROPERTY FROM THE TIF AREA, AND SETTING DATE OF CONSULTATION WITH TAXING ENTITIES AS OCTOBER 2, 2026, AND INSTRUCT THE CITY CLERK TO PUBLISH NOTICE. WHEREAS, the City of Waterloo, Iowa has previously adopted the South Waterloo Unified Urban Renewal and Redevelopment Plan; and WHEREAS, the City Council finds it necessary and appropriate to consider approval of Amendment No. 1 to the Plan in order to remove certain property from the tax increment financing area; and WHEREAS, before approving said amendment, the City Council must determine the necessity of the proposed amendment, set a date for public hearing thereon, set a date for consultation with affected taxing entities, and direct publication of notice as required by law. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Waterloo, Iowa, that: 1. The City Council hereby determines that it is necessary and appropriate to amend the South Waterloo Unified Urban Renewal and Redevelopment Plan by adoption of Amendment No. 1, which proposes to remove certain property from the tax increment financing area. 2. Consultation with the affected taxing entities regarding the proposed Amendment No. 1 to the South Waterloo Unified Urban Renewal and Redevelopment Plan shall be held on October 2, 2026. 3. A public hearing on the proposed Amendment No. 1 to the South Waterloo Unified Urban Renewal and Redevelopment Plan, including removal of property from the tax increment financing area, is hereby set for October 19, 2026. 4. The City Clerk is directed to publish notice of said public hearing as required by law. PASSED AND ADOPTED this 21' day of September 2026. ATTEST: SFFigned6E0Bby: KdL& f cleat CB�FBC64AB... Kelley Felchle, City Clerk SEAL Signed by: S93E133tlSU34 1. David Boesen, Mayor