Committee approves removal of amendment to RISE Apartments development agreement, delays assessed-value date
The Community Development Committee voted 5-0 to remove the third amendment to the RISE Apartments development agreement in TIF District No. 11 and to push the assessed-value measurement date to Jan. 1, 2026, allowing the developer to receive adjusted tax-increment payments in August 2026.
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On Oct. 8, 2025, the Community Development Committee voted 5-0 to remove the third amendment to the development agreement with RISE Apartments LLC covering property in Tax Increment Financing (TIF) District No. 11, a change that adjusts the assessed-value timing so the developer can qualify for tax-increment payments.
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