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Pottawattamie supervisors approve 15-year TIF extension for Legacy Ridge to add curbs and gutters
Summary
The board approved directing staff to amend the Legacy Ridge developer agreement and urban-renewal plan to extend TIF payback from 10 to 15 years and increase the reimbursable cap from about $4.5 million to roughly $5.0 million to fund curb-and-gutter and storm-sewer work.
Pottawattamie County supervisors voted to direct staff to amend the urban-renewal plan and developer agreement for the Legacy Ridge subdivision, extending the tax-increment financing (TIF) payback period from 10 years to 15 years and increasing the developer reimbursement cap from about $4.5 million to roughly $5.0 million to accommodate curb-and-gutter and associated storm-sewer work.
The change was presented by county planning staff, who said the developer submitted preliminary road designs and indicated willingness to add permanent curb-and-gutter. County staff told the board that the TIF attorneys reviewed the approach and outlined a process for amending both the urban-renewal plan and the development agreement; the school district superintendent was contacted and indicated preliminary support pending his board's approval.
Developer representative Mark Hanwright described the additional infrastructure work and the cost implications: "Cumulative total with engineering redraws and all that is right about that half million dollar mark in today's dollars," he said, referring to the added pipe, paving and grading necessary to install curb-and-gutter and storm sewer. Planning staff explained that TIF reimbursement is certified after the developer submits eligible costs and that payments begin as homes are built and taxes are collected.
Supervisors discussed potential benefits, including improved aesthetics, easier maintenance for residents and longer street lifespan. A supervisor noted the project would provide improved sidewalk opportunities and reduce roadside ditches that can be inconsistently maintained. Board members moved and seconded a motion to extend the TIF/payback arrangement and the motion carried.
The board did not adopt the amended documents at the meeting; staff were directed to prepare the urban-renewal amendment and revised development agreement for formal approval at a subsequent meeting, and to secure any required school-district sign-off before returning the final documents to the board.
