At the meeting, the CCADC - Charles City Area Development Corporation - Board of Directors approved a development agreement with Commonwealth Development Corporation, a Wisconsin-based development company that has expressed serious interest in the Southwest Development Park.
Tyler Sheeran, vice-president of development with Commonwealth, was available at the meeting via video call to share concept drawings and initial ideas for a 40-unit development, along with the numerous bureaucratic steps that need to happen to apply for and receive approval from the Iowa Finance Authority for the tax credits critical to funding the project.
To move the project forward, the board took action to petition the city of Charles City to rezone the development area from manufacturing zoning to residential zoning. The council will then send the request on to the Planning and Zoning Commission, which will send its recommendation back to the city.
In other business, the board accepted the resignation of Emily Garden from the board of directors.
Commenti