Council hears TIF plan for two fourplexes at 9th and Lincoln; redevelopment resolution introduced

City staff presented a redevelopment plan amendment and tax-increment financing request for a vacant corner at 9th and Lincoln that would add two fourplex buildings — eight two-bedroom units of about 865 square feet each — as infill housing in Redevelopment Area No. 3. "It is 2 buildings, 2 fourplexes. So 8 units total," staff said during the presentation. The project is under contract contingent on planning and any required TIF approvals.

Staff estimated a total project cost of approximately $1,085,000 and said the developer requested $131,000 in TIF over a 15-year period to help cover eligible costs such as site acquisition, grading and landscaping and eligible energy-efficiency upgrades above minimum code. "The projected completed value of this is $1,084,715," staff said, describing the base and increment values used in the calculation. Staff also explained that energy-efficiency measures that cost more than minimum building code can be included as eligible TIF costs under current statutory guidance.

The mayor introduced a resolution tied to the redevelopment plan amendment and cost-benefit adoption and a council member moved and seconded the measure (Resolution No. 2026-14). The mayor called for a vote and asked that the votes be displayed. The transcript records the resolution's introduction and a vote call; a formal tally is not specified in the excerpt.