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Council opens TIF process for Rohrer City West project; staff directed to include TIF plan on future agendas
Summary
The council held a public hearing and directed staff to begin creation of Tax Increment Financing (TIF) District No. 27 for the Rohrer Companies City West apartment project; staff said the preliminary plan would support 20% of units at 50% AMI (about 39 units) plus the city’s existing inclusionary requirement of 10 units at 80% AMI.
During a separate public hearing on Oct. 21, the Eden Prairie City Council took the first procedural step to use tax increment financing (TIF) for affordability at the proposed Rohrer City West apartment project.
City staff described the action as an initial step: the council held the public hearing and directed staff to include a redevelopment plan modification for Redevelopment Project Area No. 5, to establish TIF District No. 27 and to add a proposed TIF plan and development agreement for consideration on…
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