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Cedar Falls committee directs staff to draft 10-year incentive amendment for College Hill project
Summary
The Committee of the Whole directed staff to prepare an amended development agreement to extend an existing five‑year incentive to 10 years for a College Hill project after developer Brent Alstrom said the longer term would improve the project's viability. The committee's voice motion carried 5–2.
The Cedar Falls Committee of the Whole voted to direct staff to prepare an amended development agreement extending an existing five‑year incentive to a 10‑year incentive for a College Hill redevelopment project after developer Brent Alstrom told the panel a longer incentive would improve the project's chances of securing financing.
The motion does not approve the amendment; it asks staff to bring a drafted amendment to the next available council meeting for formal consideration. Committee members voted on the voice motion; the meeting record shows the motion carried by a 5–2 voice vote.
Developer Brent Alstrom told the committee he supports College…
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