Hawarden council approves urban renewal expansion and TIF changes

Council action

The Hawarden City Council approved an expansion of the city’s urban renewal plans and changes to its tax increment financing arrangements.

Urban renewal plans identify areas where a city may support improvements or development through public action. Tax increment financing, commonly called TIF, allows a city to use increases in property-tax revenue from an eligible area to help pay for approved projects.

What the decision changes

The council’s action expands the area covered by Hawarden’s urban renewal plans. It also changes the city’s TIF plans connected with that urban renewal area.

The decision is a city-government action involving the use of urban renewal and TIF tools. Those tools are used by cities to organize and finance certain development-related projects.

Next steps

The approved expansion and TIF changes will guide the city’s use of these programs as Hawarden handles future urban renewal matters. The city’s actions under the revised plans will determine how the changes are applied.

The N’West Iowa REVIEW reported the council’s approval. Its report is linked below.