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Caldwell URA moves to pursue site-specific urban renewal study after developer asks for $175,000 TIF commitment
Summary
The Agency directed staff to start the process for a site-specific urban renewal area and feasibility study after a developer said environmental testing cleared a Chicago Street gas-station site and requested $175,000 in TIF reimbursement for sidewalks, alley paving, underground power and a fire hydrant.
Raelynn, a URA project lead, and commissioners discussed a developer—s request for Urban Renewal assistance for a former gas station on Chicago Street and directed staff to begin a site-specific urban renewal designation and feasibility study.
Developer Lee Genke (who corrected his last name in the meeting as "Jinky") told the board he planned to close on the property about 30 days after the meeting and begin permitting in February. He said environmental testing found no tanks and that the site is "clean," and asked for $175,000 to pay for sidewalk upgrades to meet city standards, alley paving,…
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