On Monday St. Ansgar City Council voted to approve moving ahead with the annexation of land for the new subdivision the town is looking to build.
The engineering company working on the project will be at next month’s city council meeting on January 8, to give an update on project estimates.
The project, which was started back in 2016, is set to take place in phases. The first phase has 11 building lots, with potential for 52 building lots if all phases are completed.
The development will be located off of 2nd street, behind Good Samaritan. The plan is to make the development similar to Seasons, officials said, where taxes from new houses would service the city debt for infrastructure.
The 37 seasons houses have already paid off debt incurred for infrastructure on the first phase, and added around $6.5 million in 2018 assessed value.
Potential 4th Street Renovation project
The City of St. Ansgar and St. Ansgar Economic Development Corporation held a “Downtown Walk Around Visit” in October with officials from the Iowa Downtown Resource Center.
During the visit the center’s director, Jim Engle, told local officials about a Community Catalyst Building Remediation program. The state sponsored program is intended to provide a spark to a Main Street property that has a positive impact on adjacent property and businesses.
St. Ansgar officials have applied for a $100,000 grant for the Sportsmans building on the Corner of 4th Street and Mitchell Street, which is owned by Chuck Hansen.
The EDC passed a motion to contribute $2,500 should the project grant go through, which will help with some of the engineering and planning costs.
An additional $10,000 or so would be contributed by the city, in the form of tax abatements on the property. The St. Ansgar Chamber of Commerce has also provided a letter of support for the project.
The final application is due Friday, December 14, before it goes through an approval process.