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Anamosa council approves Shao Properties development agreement
Summary
The council approved Resolution 2025-83 authorizing Annual Appropriation Tax Increment payments and pledging certain TIF revenues to Shao Properties, LLC. The development agreement was approved after a public hearing with no public comment.
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The Anamosa City Council passed Resolution 2025-83 on Nov. 10 to approve a development agreement with Shao Properties, LLC. Mayor Rod Smith opened the related public hearing and reported no public comment before it was closed.
A motion by Kay Smith, seconded by Rich Crump, carried the resolution. The transcript records approval but does not include the specific financial terms or timeline of the TIF pledge.
