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Council approves Brookside Village North rezone, TIF-backed development agreement and road contracts
Summary
Council approved the Brookside Village North rezoning (ordinance 809), amended the urban renewal area, approved a TIF-backed development agreement (resolution 03-2026) with 75% of units required at 80% AMI, and authorized road-construction contracts for the Northeast Destination Drive extension.
The Grimes City Council on March 10 approved a set of interrelated actions to enable the Brookside Village North development: final passage of ordinance 809 to rezone the Brookside site, an urban renewal plan amendment to permit TIF support, a development agreement with Brookside North LLC to provide an up-to-80% rebate of road construction costs, and awards of construction contracts for a road extension included in the project.
Planning staff described the rezone as a change from C-2 to R-4 PUD with required landscape buffers, sidewalk and trail connections and either a parkland dedication or a fee-in-lieu. Alex (staff) said the park-fee approach would direct funds to Northpointe Park improvements and that the project is within walking distance of that park.
Katie Lord, economic development director, said the Iowa Department of Transportation offered a $500,000 grant to enable closure of an unsafe intersection at Highway 141 and Northeast 18th Street. To implement the closure safely, the city will construct an extension of Northeast Destination Drive; staff estimated road construction costs around $1.8 million and explained the financing mechanism: the city will build the road, invoice the developer, and the developer will receive a TIF rebate of up to 80% for up to seven years, not to exceed the road cost. Lord said that because the project is residential, affordability rules tied to TIF require that 75% of the units be offered at 80% of area median income for Polk County.
Developer Clint Ackerman (Signature Companies), participating via Zoom, thanked the council and said his company looks forward to continuing work in Grimes.
Council also authorized award and bond resolutions for the Northeast Destination Drive extension (staff said Sternquist Construction was the apparent low bidder and bids were about $200,000 under estimate) and separately approved overlay and contract awards for Southwest 19th Street and Jazzwood Drive, with bids about $400,000 under estimate and Urbandale contributing 50% under an interlocal agreement.
All rezoning, urban renewal amendment, development agreement and contract award measures were approved by roll call during the meeting; no related public testimony was offered during the hearings.
