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Commission approves RHID and development agreement for Fairway Vista duplex project
Summary
The commission adopted an ordinance establishing a Rural Housing Incentive District (RHID) for the Fairway Vista development—seven duplexes (14 units) on existing platted lots—authorizing a development agreement and capping RHID reimbursement to $425,000 over a 10-year term; projected tax increment is $38,000–$45,000 per year.
The Ottawa City Commission approved an RHID development plan and ordinance on Dec. 18 to support the Fairway Vista project, a small infill development of seven duplex structures (14 units) on existing platted lots along Diamond Head Road.
Tyler Ellsworth, bond counsel, summarized the project and the incentive structure: because the lots are already platted and infrastructure is…
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