City of Anamosa Council Meeting Agenda April 2026
City Plans TIF Agreement With Forge Inc. for Housing
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Description
Anamosa plans to enter into an economic development agreement with Forge, Inc. to support housing infrastructure in the 2026 Kouba Second Addition area, providing up to $550,000 in TIF-funded payments plus related administrative and LMI housing costs for a total commitment of about $761,020. The agreement will fund public infrastructure needed for a new residential subdivision.
Contract Details
Contract Amount
Not to exceed $550,000 (plus $15,000 Admin Fees and $196,020 LMI Set Aside; total $761,020 commitment)
Vendor
FORGE INC
Agency
City of Anamosa, IA
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Renewal Info
Annual appropriation economic development payments will be funded from tax increment generated by the project until the $550,000 cap is reached; the plan also includes ongoing LMI housing set-aside obligations tied to project increment.
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