Economic Development Authority Meeting Date: April 27, 2026
To: Members of the Economic Development Authority
From: Emery John, Program Associate
Title
Staff Updates
Body
Action Requested:
N/A
Summary Report:
Project Updates
- The Land Development Code Update is underway. Please fill out the survey on the webpage to provide input at this stage.
- The final slate of fa?ade grants was awarded - thank you to our applicants! These typically receive only staff approval, with the program itself reviewed annually. This program review will come in the coming months with the broader financial assistance overview and evaluation.
- Ames Mill Dam: Staff continue to work with Post Consumer Brands on the Ames Mill Dam. The main discussion includes timeline of transferring ownership of the dam. The dam is part of our Downtown Historic District, so a certificate of appropriateness and Section 106 review will be required. The Public Works Department is submitting grant applications to help offset the costs of the project.
- City staff are reviewing 3 TIF applications for two different housing developments as well as a third for the Archer Redevelopment. All housing TIF projects must meet statutory requirements regarding affordability.
1. Harvest Hills, located adjacent to the middle school, is proposing more than 70 units of housing. Phase 1 will feature 38 units in a townhome/multifamily style development for rental. Passed it's preliminary plat at the April 17 PC meeting.
2. Heritage Lofts, located at 2125 Declaration Street has submitted a site plan review application proposing approximately 138 units. The development is in an active Housing TIF District certified by City Council in 2022.
3. The Archer, located at 212 Division Street South, previously received conditional City Redevelopment Tax Increment Financing (TIF) assistance for a mixed use residential and commercial building. Rebound Partners announced last November that the current redevelopment plans in...
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