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Council approves urban renewal areas and development agreements for DC Taylor HQ and Ginkgo Ridge affordable housing
Summary
Council adopted resolutions and ordinances approving the DC Taylor Company urban renewal area and a development agreement for a national headquarters ($6.0M investment, retention of 75 jobs) and approved the Ginkgo Ridge urban renewal area and development agreement for a $6.1M affordable housing project (15 for‑sale units priced to 80% LMI for a 15‑year affordability period).
The council approved two separate urban renewal packages and their associated development agreements.
Scott Mather of the city manager’s office summarized the DC Taylor Company package, which includes a recommended urban renewal area and a development agreement supporting a national headquarters: roughly $6,000,000 in capital investment to build an approximately 33,000‑square‑foot facility (about 10,000 square feet of office and 24,000 square…
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