Newspaper Article Archive of
The Kalona News
Kalona, Iowa
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Newspaper Article Archive of
The Kalona News

November 28, 2018 Kalona City Council approves TIF funding for Valley View subdivision
Article Pages -- as published on the The Kalona News website.

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ARTICLE DESCRIPTION:

Work could begin on a new subdivision on the north side of Kalona in the coming weeks.

On Monday, Nov. 19, the Kalona City Council approved Tax Incremental Financing (TIF) funding for Valley View subdivision, 12 lots on 4.5 acres between H and J avenues.

The city approved a maximum of $225,000 in TIF funding over eight years for YM Developers, a group led by Chad Mellinger, for the project.

“Chad Mellinger purchased the property, and upon purchasing it and coming up with a preliminary plat, he made a formal request for TIF funding,” City Administrator Ryan Schlabaugh said. “At that point, we convened a meeting of the TIF committee, where we talked through previous projects and where we’re currently at with our TIF projects.

“The request was for $250,000 over eight years. The committee made a recommendation to lessen that to $225,000 over eight years.”

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