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Le Mars approves Crossroads Commons development agreement; city to fund infrastructure reimbursed from TIF
Le Mars City Council · March 3, 2026
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Summary
Council approved a development agreement with the Le Mars Business Initiative Corporation (LBIC) to fund Crossroads Commons infrastructure; the city will front costs and LBIC will repay by mortgage as lots sell, with the city citing a reimbursement amount of $1,308,320.65 to be covered through TIF.
The Le Mars City Council on March 3 approved a development agreement with the Le Mars Business Initiative Corporation (LBIC) to fund infrastructure for the Crossroads Commons addition.
Administration presented a development agreement under which the city will fund the infrastructure…
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