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EDA approves amended contract and TIF assignment for Rohrer's Cottage Grove Apartments
Summary
The Cottage Grove Economic Development Authority on Nov. 19 approved an amended and restated developer contract and the assignment of a tax increment financing agreement for Rohrer's Cottage Grove Apartments LLC, a 144-unit project with specified affordable-unit set-asides; the board voted unanimously to approve both actions.
The Cottage Grove Economic Development Authority on Nov. 19 approved amendments to the developer contract and the assignment of a tax increment financing (TIF) agreement for Rohrer's Cottage Grove Apartments LLC, clearing the way for construction to begin.
City Administrator Jennifer Lehi told the board the site at 6850 East Point Douglas Road is complex — constrained by a gas main and a large retaining wall — and that the…
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