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Council adopts development agreement with Carver Pump Company; company pledges expansion and jobs
Summary
After a public hearing with no speakers, Muscatine's City Council adopted a development agreement with Carver Pump Company that authorizes tax-increment payments; the company told the council it expects a multimillion-dollar expansion and potential new hires over several years.
The Muscatine City Council on Aug. 7 adopted a development agreement with Carver Pump Company that authorizes annual-appropriation tax-increment payments and pledges certain tax-increment revenues to the agreement's payment schedule.
Council opened a public hearing and received no public comments before taking the vote. The resolution passed unanimously.
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