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Commission sets Dec. 18 hearing for Fairway Vista housing incentive district
Summary
The Ottawa City Commission voted to set a Dec. 18 public hearing on creating the Fairway Vista Reinvestment Housing Incentive District, a proposed RHID to cover seven lots for 14 duplex/townhome units and a developer reimbursement of up to $425,000 over 10 years.
The Ottawa City Commission on a voice and roll-call vote set a public hearing for Dec. 18 to consider creating the Fairway Vista Reinvestment Housing Incentive District (RHID), a step staff described as the second of three actions needed before final approval.
Tyler (bond counsel/staff) told commissioners the RHID would cover seven vacant lots on Diamond Head Road and enable construction of 14 proposed three-bedroom, two-bath townhome/duplex units. He said the tax-increment model for the district differs from many…
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