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Council discusses TIF rebate for 122 North Main redevelopment; approves several routine measures unanimously
Summary
Council discussed a proposed downtown redevelopment at 122 North Main with an estimated project cost of $383,426.30 and a proposed TIF rebate not to exceed $87,783.95 tied to phased completion and signed leases; the council also approved a USDA federal interest release and ordinances allowing remote attendance and creating a second deputy chief of police, all by unanimous votes.
City staff and a developer described a proposed renovation at 122 North Main and asked the council for feedback on financial assistance, and the council then approved several resolutions and ordinances unanimously.
"The revision of this and the overall project has slightly reduced the total estimated project cost to $383,426.30," staff member John told the council, noting updated contractor quotes for HVAC, plumbing, electrical and interior work. Staff proposed a TIF rebate with a not‑to‑exceed TIF total of $87,783.95 and a payment schedule in three equal installments, with the…
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