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Council OKs development agreement with Rummel Properties, pledging TIF revenue
Summary
The council unanimously approved Resolution 2025-82 authorizing annual appropriation Tax Increment Financing (TIF) payments and pledging certain TIF revenues to a development agreement with Rummel Properties, LLC. The public hearing drew no speakers.
The Anamosa City Council on Nov. 10 approved a development agreement with Rummel Properties, LLC, passing Resolution 2025-82 after a public hearing that drew no public comment.
The resolution authorizes annual appropriation TIF payments and pledges certain tax increment revenues to support the agreement. The hearing was opened and closed by Mayor Rod Smith; the council’s roll vote was recorded as unanimous in favor of the resolution.
