By Sam Parsons

The Oskaloosa City Council held a regular meeting last night and held a public hearing for a development agreement between the city and Oskaloosa Multifamily, LLC. Per the agreement, Oskaloosa Multifamily LLC will receive Tax Increment Financing to build 50 townhomes in Oskaloosa, and it would also obligate the developer to construct minimum improvements in the amount of at least ~$7.474 million on certain real property located within the Oskaloosa Urban Renewal Area, or the properties south of the Trio. The development agreement was approved unanimously by the council.

The council also passed a resolution approving an agreement with Industrial Development, LLC, for public improvements to 1st Avenue West. Industrial Development, LLC, is a subsidiary of Musco Lighting, and their end of the agreement includes improvements from South D Street westward to the edge of the railroad’s jurisdiction at no direct cost to the city.

The Oskaloosa city council will hold their next regular meeting on April 6.