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Votes at a glance: Indianola council adopts Village Urban Renewal plan, approves Wesley Retirement Services development agreement, advances revenue-division ord
Summary
On Jan. 6 the Indianola City Council held public hearings and approved an urban renewal plan for The Village project, approved a development agreement with Wesley Retirement Services and advanced a revenue-division ordinance for TIF purposes. Council also confirmed the city manager recruitment range.
The Indianola City Council on Jan. 6 took several formal votes after public hearings, adopting a village urban renewal plan tied to a senior-housing redevelopment, approving a development agreement with Wesley Retirement Services and advancing related tax-increment financing (TIF) steps.
Village Urban Renewal Plan The council held a public hearing and adopted a resolution designating an area as an urban renewal area and adopting the Village Urban Renewal Plan. Council members voted in favor of the resolution after a public hearing; the plan covers infrastructure improvements tied to a senior-living redevelopment project. City staff said the project valuation is roughly $20 million and public infrastructure improvements associated with the plan total about $3 million.
Craig Flanagan, chief financial officer for the project applicant Wesley Retirement Services, described the plan’s components, which include up to 28…
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