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Council approves Arbor Sixth urban renewal plan, development agreements for new residential lots
Summary
Council adopted an urban renewal plan to create 21 residential lots and approved related private development agreements that allow limited TIF reimbursement and 10-year reimbursement terms required by state code.
The Cedar Falls City Council held a public hearing and adopted The Arbor’s Sixth urban renewal plan on May 5, approving measures intended to stimulate new residential development in the Arbor subdivision. Staff said the plan creates 21 new residential lots and is designed to leverage public involvement to attract private investment.
Shane Graham (planning staff) described the legal process: the city notified affected taxing entities (Black Hawk County and Cedar Falls School District), held a consultation meeting, and obtained a unanimous Planning & Zoning recommendation for the plan. Graham said…
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