Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council hears presentation on proposed Tax Increment District No. 17; action deferred
Summary
City consultant presented a project plan for a proposed mixed‑use Tax Increment District (TID) No. 17 covering about 104.77 acres; council members asked questions about notices and density and decided to delay a vote to the Jan. 20 meeting so the Joint Review Board can complete required notices and final review.
City officials and a municipal advisor reviewed a project plan for a proposed Tax Increment District No. 17 on Jan. 6, outlining a mixed‑use development that would include residential build‑out and roadway improvements; the Common Council agreed not to vote on the plan that night and asked staff to return with the item on Jan. 20 so procedural notices can be confirmed.
Phil Costin, a municipal advisor with Ehlers, told the Common Council the proposed district covers "104.77 acre site" and is structured as a mixed‑use TID that may remain open for up to 20 years or until project obligations are repaid. He described estimated project costs of about $17,800,000 and a potential value increase of roughly $69,100,000, and said the plan assumes substantial residential development and roadway work on South 18th Avenue.
Why it matters: If created, the TID would be used to finance infrastructure and negotiated development incentives that aim to spur housing and commercial development in an area…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
