Agenda Item Title:
Authorize Mayor and Finance Officer to Sign Developer Agreement for TID 84
City Council Working Session
Origination Meeting Date:
City Council Hearing Date:
Agenda Item Summary:
Creation of TID 84 was approved on January 4, 2021. The Project Plan was approved on January 15, 2021. TID 84 projects include the E Anamosa Street corridor, North Valley Drive, regional drainage improvements, Mickelson Drive water main and improvements, and funding for the City to conduct a feasibility study and design and construct a regional water booster station. The Developer Agreement sets out the terms and conditions under which the Developer will construct the improvements and the City will reimburse the Developer from TID funds.
Funding Source & Fiscal Impact (if applicable):