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Council approves tax-rebate agreement for Hidden Pines subdivision public improvements
2172286 · January 22, 2025
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Summary
Council authorized a development agreement with UMENB, LLC that makes the Hidden Pines 43‑lot subdivision eligible for a 50% tax rebate on up to $2 million of public improvement costs (up to $1 million rebate over 10 years).
The Cedar Falls City Council on Tuesday approved a private development agreement with UMENB, LLC for the Hidden Pines subdivision, a 43‑lot residential project south of Green Hill Road east of Cedar Heights Drive.
Economic development staff Shane Graham said the developer has nearly completed public improvements and that…
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