Council approves TIF plan for Timber Ridge assisted‑living development in Baxter
The Baxter City Council approved a tax increment financing (TIF) plan and a development agreement framework for Timber Ridge of Baxter, an 80‑unit mixed‑income assisted‑living and memory‑care project, authorizing staff to finalize terms and allowing up to $1.1 million (present value) in pay‑as‑you‑go assistance to the developer.
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The Baxter City Council approved a tax increment financing plan and a substantially framed development agreement for Timber Ridge of Baxter, an 80‑unit mixed‑income assisted‑living and memory‑care development, following a public hearing.
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