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Commission recommends $80,000 TIF loan for Brandt Rentals project at 811 West First
Summary
The Planning Commission voted 6-0 to recommend a redevelopment plan modification that would provide an approximately $80,000 tax‑increment financing loan for a new commercial building at 811 West First proposed by Brandt Rentals; staff said the project would generate roughly $8,700 in annual TIF and would not be feasible without TIF.
The Hastings Planning Commission voted 6-0 to recommend approval of a redevelopment plan modification for a proposed commercial building at 811 West First that would include an approximately $80,000 tax‑increment financing (TIF) loan to make the project feasible.
City planner Amber Batslau told the commission the applicant, Brandt Rentals, requested…
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