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The Spirit Lake City Council voted unanimously last week in favor of a resolution supporting a proposed $18.8 million housing development. The resolution didn't financially commit the city to anything yet, but it's intended to aid Eagle Construction and Talon Development as the developers seek workforce tax credits for the project from the Iowa Economic Development Authority.
Built in 1997 for furniture company Heilig-Meyers, the property houses a 6-story, 200,000-square-foot office that the Richmond Fed had used mainly for its IT staff.