Roshek Building development agreement
Action: City Council members voted, 7-0, to approve an amendment to the development agreement with Heartland Financial USA, Cottingham & Butler and Roshek Property LLC, for the companiesâ acquisition of and investment in the Roshek Building. The amendment extends the deadline set for the city to construct a new parking facility, alters the agreementâs job growth requirements and removes restrictions on how the building can be improved.
Background: The companies announced their intention to expand into the Roshek Building in late 2019. The original development agreement drafted with the city promised that $2.85 million would be invested in improvements to the building, along with creating an additional 32 jobs.