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Grimes council tables revised economic incentive policy after questions over legal fees and mixed‑use thresholds
Summary
Economic development staff proposed targeted changes to incentive policy — expanding eligibility for Class A office/mixed-use projects and strengthening TIF in the governor's district — but councilors raised concerns about legal-fee caps and a proposed 30,000‑sq‑ft threshold and voted to table the resolution for two weeks to refine details.
Katie Lord, the city's economic development director, presented a package of recommended tweaks to Grimes’ incentive policy at the Feb. 24 meeting aimed at making the city more competitive for office, mixed‑use and downtown redevelopment projects.
Key elements shown to council included a recommended expansion of the Class A office incentive to allow mixed‑use buildings at a 30,000‑square‑foot minimum with 50% office component; the Governor's District was proposed for a…
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