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Council to consider development agreement for 159-unit Creekside Woods townhome project and related TIF
Summary
City staff proposed a development agreement with Grey Fox Creekside LLC for a 159-unit townhome project; the plan would use developer-secured revenue bonds and a new tax increment financing district that staff estimates will generate about $3.3 million to the city over the TIF life.
City staff on March 4 presented a proposed development agreement with Grey Fox Creekside LLC (developer) to support construction of a 159-unit townhome development called Creekside Woods and asked the City Council to place the agreement on the March 10 agenda for formal action.
Aaron said the council previously approved the basic development plan; the proposed agreement would authorize the sale of developer-secured revenue bonds to…
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