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Council approves development agreement for Apache View Townhouses at 3540 Indian Hills Drive
Summary
Sioux City Council approved a development minimum assessment agreement and an urban renewal plan amendment for property at 3540 Indian Hills Drive; the resolution passed unanimously.
The Sioux City Council approved a development minimum assessment agreement with Apache View Townhouses for property at 3540 Indian Hills Drive and adopted Amendment No. 1 to the amended and restated Teton Urban Renewal Plan for the Teton urban renewal project area.
The council opened a public hearing on a blight designation for the area and, with no public comments, closed the hearing before voting. Staff presented the amendment and the development agreement as part of the urban renewal actions; council discussion was limited and the resolution passed unanimously, 5-0.
Meeting materials show the amendment designates the area as appropriate for urban renewal and links the approved development agreement to the updated Teton urban renewal plan. No tax-increment financing amounts, developer incentives, or detailed financing terms were discussed aloud during the meeting record.
