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Council sets Oct. 20 hearings for urban renewal amendments and ADR Axles development agreement; incentive updated to $900,000
Summary
The Perry City Council set Oct. 20, 2025 hearings to consider amendments to the Perry urban renewal plan and to consider a development agreement with ADR Axles USA that updates the previously discussed incentive to a not-to-exceed $900,000 over the project term. Council members said the update aligns local incentives with competing site offers.
Councilors approved resolutions setting public hearing dates (Oct. 20) to consider amendments to the Perry urban renewal plan and to consider a development agreement with ADR Axles USA that would permit annual tax-increment appropriation payments and set the municipality’s incentive at up to $900,000.
Council discussion explained the change reflects prior negotiations and a need to match an out-of-town offer that was $100,000 higher over the same term; staff said the amendment updates and clarifies figures discussed months earlier and will not delay the project schedule.
The council recorded a roll-call vote on the resolution setting the hearing dates; the transcript records affirmative votes from multiple council members on the motion to set the date and on the resolution to set the development agreement hearing date.
Next steps: hearings will be held on Oct. 20; staff and the developer will present the development agreement and any required urban renewal amendments for public comment and council consideration.
