02 09 26 Public Hearing for TIF District
Sunday, February 15, 2026
Development Program for Development District 2
Establishment of Tax Increment Financing (TIF) District 2-1
95-unit apartment building project financial assistance
Public comment on proposed redevelopment and TIF financing
Areas of Interest (4)
- City of Maple Plane proposing a $21.7 million, 95-unit apartment project using a 26-year TIF District 2-1.
- Concerns raised by residents about traffic congestion on Highway 12 and Main Street.
- Financial risk profile: Developer receives 70% of tax increment, while city retains 30% for infrastructure.
- Developer reimbursement is limited to 'pay-as-you-go' basis, mitigating city risk if market values decline.
Votes (4)
Adopt this evening's agenda
Moved by Bureak · Seconded by Francis
Open the public hearing for Development District 2 and TIF District 2-1
Moved by Francis · Seconded by Not stated
Close the public hearing
Moved by Francis · Seconded by Bureak
Adjourn the meeting
Moved by Francis · Seconded by Bureak
Notable Quotes (2)
The city would establish a new tax increment financing district, district 2-1, that would be comprised essentially of what we know as a city hall block.
See a lot of traffic problems already... how's a big mess like this going to impact that?
People (3)
CusCity PlannerPresented the project details, financials, and answered council questions regarding the TIF district structure.
1 quote
Presented the project details, financials, and answered council questions regarding the TIF district structure.
“The city only reimbures the developer for taxes that come back into the city. Meaning if the project underperforms the city only will reimburse the developer the amount of money that's generated by the tax increment.”
Explaining the risks and mechanics of a 'pay-as-you-go' TIF agreement.
Deb MooreResidentLocal resident expressing concerns about traffic safety and preferences for green space over high-density development.
1 quote
Local resident expressing concerns about traffic safety and preferences for green space over high-density development.
“How's a big mess like this going to impact that? Basically, I'd like to see a green space by the library for families more than high density buildings.”
Voicing concern regarding traffic congestion at Main Street and the preference for parks.
SchillinderAdministratorProvided guidance on advocacy regarding Highway 12 traffic issues.
Provided guidance on advocacy regarding Highway 12 traffic issues.
Places Mentioned
Events & Meetings (1)
- February 9th, 7:00 PM - Public Hearing at Maple Plane City Hall