Steve Stahmer

City of Rogers Council Council Meeting

The City of Rogers Council met to discuss several key items, primarily focusing on the establishment of a Tax Increment Financing (TIF) District #19 for a proposed 81-unit multifamily development at 21601 John Deere Lane. The discussion included details on the TIF plan, the TIF agreement, and the necessity of the financing to support infrastructure improvements, specifically a connector to industrial sites. Council members reviewed look-back provisions, ROI threshold testing, and the allocation of funds for administrative and infrastructure purposes, ultimately moving to approve the TIF district, agreement, and necessary inter-fund loans.