Dec. 20—An agreement to provide tax increment financing for the proposed 32nd Street Place retail development will be considered Monday night by the
The development would be anchored by a Menards home improvement store. It would eventually involve construction of 300 units of multifamily housing, a movie theater, retail and commercial buildings, as well as the renovation of the former
The developer is
Another special tax district, a community improvement district, also will be considered for final approval. It would provide about
Project costs, which have been revised since planning started nine months ago, are now estimated at
In order to qualify for TIF funding, properties must meet certain specifications in the state law. One of those is blight.
In addition to the TIF request, the council will hold a public hearing on a zoning question for the construction of a new restaurant at
The request would change zoning of the property from heavy industrial to commercial. City documents do not identify the type or name of the restaurant that is proposed for the location. The request was made by
The council also will hear a quarterly economic development update from
An update also will be given regarding the COVID-19 pandemic.
A number of business items — including a contract for appraisal services for property needed for the widening of
After the regular meeting, a notice of closed session is cited by the agenda for the purpose of council consideration of lease, sale or purchase of public property.
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