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Council approves amendment to Northwest Market Center Urban Renewal Plan with new placemaking incentives
Summary
The Urbandale City Council approved Amendment No. 2 to the Northwest Market Center Urban Renewal Plan, updating CIP projects, adding affordable-housing acquisition authority and changing incentive schedules to a four‑year standard rebate while creating a new placemaking/catalyst incentive for North Park.
The Urbandale City Council on Monday approved Amendment No. 2 to the Second Amended and Restated Northwest Market Center Urban Renewal Plan, updating capital projects, development-agreement obligations and incentive language for the district.
Aaron Young, the city’s economic development director, told the council the amendment adds explicit authority for acquisition of commercial or industrial property for affordable housing, updates totals for existing development agreements and proposes changes to incentive schedules. Young summarized the standard incentive…
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