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Webster City moves to reprice Brewer Creek lots, approves three‑lot sale to Origin Homes
Summary
After a staff presentation showing $2.7M in initial infrastructure advances and slow lot sales, council directed staff to pursue option C (square-foot pricing at roughly 60% of prior asks), allow up to two lots per buyer with limits, and approved the sale of three Brewer Creek lots to Origin Homes at $100 per lot.
City staff reviewed the history and financials for Brewer (Burrell) Creek 5th and 6th additions and recommended steps to speed single-family construction. Staff said the city purchased roughly 27.47 acres in 2015, completed plats in 2016–2017 and invested about $2.7 million in infrastructure; sales to date total 13 of 52 lots. For fiscal year 2026 staff reported $68,390 in lot sales and $15,581.62 in TIF revenue for a combined $83,971.62, with an outstanding project balance reported as roughly $2.0 million.
Staff proposed repricing remaining lots to approximately 60% of the current adopted prices and moving to a square-footage pricing model; staff also proposed allowing purchasers to buy up to two lots if they meet higher minimum home-size thresholds. "In my model, [we] reduce the prices by 40% to 60% of the current ask," Ryan Williams, identified in the packet as president of the Hamilton County Growth Partnership, told the council. He said that under a 10‑year TIF horizon the city could recoup about 80–85% of its initial investment depending on future assessed values.
Council members expressed support for option C (square-footage pricing at about 60% of current ask) and for allowing buyers to acquire up to two lots, with staff instructed to draft the implementing documents and protections (including limits on how many lots one buyer may acquire). Staff also asked council to approve a separate resolution to sell three lots in Brewer Creek to Origin Homes for $100 per lot; the council approved that disposal with the condition that the developer meet subdivision covenants, construct three homes within 18 months and build homes of at least 1,500 square feet with two‑car garages.
Staff will return with revised sale documents and the ordinance/resolution language needed to implement the new pricing, lot-limit rules and other protections.
