Redevelopment commission approves 3rd Road development agreement with Collins Equity Group after groundwater-driven changes
The Town of Raven RDC approved Resolution 2026‑5 to finalize a development and construction agreement with Collins Equity Group for the 3rd Road project. Tests showing high groundwater prompted a scaled-back housing count and a revised TIF split to cover new dewatering and storm infrastructure costs.
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The Town of Raven Redevelopment Commission on a voice vote approved Resolution 2026‑5, authorizing a development agreement and a related construction agreement with Collins Equity Group for the 3rd Road project. The commission’s action also pledges tax-increment financing (TIF) as described in the agreements.
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