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The Marshalltown city council voted 4-2 to modify a Tax Increment Financing (TIF) agreement with Glenwood Marshalltown LLC, the company behind the development o ....
[email protected] The Marshalltown City Council set an April 26 public hearing on a development agreement with Glenwood Marshalltown LLC. during a special meeting on Wednesday. The development will be north of West Merle Hibbs Boulevard and west of South Sixth Street. According to the agreement, Glenwood Marshalltown will construct more than 40 housing units which includes single and multi-family units. The city would agree to make economic development payments to the Glenwood Marshalltown not to exceed an estimated $1.4 million. “How this agreement is structured, once the houses get built we will rebate incremental taxes to the developer,” said Jessica Kinser, city administrator. ....