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Council approves TIF for 2 Creeks Holdings expansion at 1164 Elm Street
Summary
The council approved a small TIF package to support a 4,960-square-foot expansion for 2 Creeks Holdings / St. PJ Supply. The $458,000 project is expected to receive about $77,045 in tax-increment financing over 15 years; council adopted related resolutions 7-0.
The Seward City Council unanimously approved tax-increment financing (TIF) support for a roughly 4,960-square-foot expansion by 2 Creeks Holdings, owners of St. PJ Supply, at 1164 Elm Street.
Mike Lewis, identified as an owner of St. PJ Supply and 2 Creeks Holdings, said the company has used prior TIF assistance for two earlier warehouse projects and thanked the council for continued support. “We did our first TIF project in 2015 or ’16 … This is our third TIF thing that we've had,” Lewis said, noting prior projects helped the business expand and add employees.
Project details: the proposal is a $458,000 project with $92,000 of TIF-eligible costs identified by valuation and a TIF request totaling $77,045. The applicant anticipates construction beginning in summer 2025 and completion in summer 2026. The project site includes sanitary and storm easements that limit buildable area; the developer plans to place the building on the east portion of the lot. The redevelopment plan and redevelopment agreement identify eligible uses — site acquisition, grading/site prep, water and sewer improvements, architecture/engineering and legal fees — and the plan shows the project complies with existing UC (Urban Corridor) zoning and the city’s future land-use map.
Council action: council introduced and adopted the redevelopment plan and associated resolutions (packet items listed as resolutions 2025-17 and 2025-18) and recorded votes of 7-0 on the measures.
Next steps: with resolutions adopted the redevelopment agreement will be executed and construction may proceed per the developer’s schedule. Staff will monitor valuation changes and tax-division dates to calculate the tax increment over the 15-year period specified in the redevelopment plan.
