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Council approves Continental Properties agreements to install sewer and water in TID 17; reimbursement to come from TID increment
Summary
The council approved two developer agreements with Continental Properties in Tax Increment District (TID) No. 17: a standard subdivision‑style development agreement to install sewer and water to city specs, and a separate PAY‑Go financial agreement whereby Continental will front the cost and be reimbursed from TID increment over time.
The Common Council approved two development agreements with Continental Properties for work within Tax Increment District No. 17. The agreements authorize Continental to construct sewer and water infrastructure to city specifications and set the reimbursement mechanism from the TID increment.
Scope of work and agreements: Council described the first agreement as a standard subdivision‑style development agreement requiring Continental Properties to install sewer and water to city…
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