Commission backs $12 million apartment project application with TIF support noted
The commission approved a resolution of support for an approximately $12 million apartment development (three buildings, 27 units each, 81 total) to help the developer compete for South Dakota housing funds; the resolution does not by itself obligate the city beyond awarding application points.
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City staff described a developer plan for a roughly $12 million apartment complex in the Buell Apartment area and asked the commission for a resolution of support to strengthen the project's application for state housing funds. Staff said the project would include three buildings with 27 units each (81 total) and that a TIF is part of the financing 'debt stack' staff has been assembling.
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