City of Boone Agenda Packet 2026-06-01
Boone Plans Multi-Phase Development Incentives for Hunziker Group
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Description
The City of Boone plans three phased development agreements providing up to $1.5 million in total TIF-funded incentives for Hunziker Development Group, LLC to develop 50 single-family units and related public infrastructure in the East Central Housing Urban Renewal Area. Payments are capped and based on eligible costs, spread over 10 years per phase.
Contract Details
Contract Amount
up to $410,360 (Phase 1); up to $281,788 (Phase 2); up to $823,415 (Phase 3)
Vendor
HUNZIKER DEVELOPMENT GROUP LLC
Agency
City of Boone, IA
Contract Type
OTHER
Document Date
June 1, 2026
Contract Term
up to 10 years per phase (payable from TIF)
Renewal Info
Planned 10-year agreements, payable only from TIF increment, subject to project completion and council approval; not a general obligation of the city.
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