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Council postpones repayment demand so new owner may finish 24 apartment units
Summary
Council voted to postpone enforcing a $60,001.08 reimbursement tied to a 2018 development agreement after staff recommended allowing the property to be completed under new ownership rather than demanding immediate payment.
Oskaloosa City Council on Oct. 6 voted to postpone requiring payment of $60,001.08 tied to a 2018 private development agreement for property at 1405 B Avenue West.
The original agreement required the developer to complete 60 apartment units by Sept. 1, 2023; only 36 units were finished. The agreement requires a proportionate reimbursement of city costs if the developer fails to complete the project. Staff told the council that the Burrells recently…
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