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Olive and 170 TIF
TIF Timeline of Key Dates
- November 15, 2021: Pursuant to University City ordinance No. 7455, the city approved the ability to perform construction work or activity during otherwise prohibited times in connection with the Markets at Olive project, Night Construction Work.
- April 1, 2021: The city announced that property for the Costco phase of the Markets at Olive development was transferred on March 31 to Costco Wholesale. As a result of the purchase, the city has received $3 million which is earmarked for improving the Third Ward.
- March 29, 2021: The city announced that property for the first phase of the Markets at Olive Development has been acquired with financing and project development support for Novus Development provided by Bob Clark and Larry Chapman, partners at CRG Real Estate Group. Cedar Rapids Iowa Bank is also providing financing for the project.
- June 10th, 2019: City Council voted to APPROVE the Redevelopment Agreement for the Olive/170 Project. The final Redevelopment Agreement is posted below.
- January 14, 2019: Bill 9379 introduced the Redevelopment Agreement for the Olive/170 project. Both the Bill and the Redevelopment Agreement (Exhibit A) are posted below.
- August 23, 2018: The city's TIF Commission voted to recommend TIF financing to City Council for the Olive/170 Development.
For TIF Commission Agendas, Minutes, and Audio Recordings, click here
Press Releases
Final Redevelopment Agreement
Recent Documents
- Exhibits A and B - 9379 - Redlined Redevelopment Agreement
- Ferry Financial Documents Email Correspondence
- Rate Return Table
- Financial Analysis - U City Project (Document 2) 5-22-18
- Financial Analysis - U City Project (Document 3a) North Only 5-20-18
- Financial Analysis - U City Project (Document 3b) 5-17-18
- Financial Analysis - U City Project (Document 4a) 5-17-18
- Financial Analysis - U City Project (Document 4b) North Only 5-20-18
- Financial Analysis - U City Project (Document 5) 5-17-18
- Financial Analysis Inputs
- JFerry Memo (4-18-19)
- Jon Ferry Report
- Redevelopment Press Release
University City Documents
- JFerry Memo (4-18-19)
- Jon Ferry Report
- Exhibits A and B - 9379 - Clean Revelopment Agreement
- Exhibits A and B - 9379 - Redlined Redevelopment Agreement
- Financial Analysis Inputs
- Financial Analysis - U City Project (Document 5) 5-17-18
- Financial Analysis - U City Project (Document 4b) North Only 5-20-18
- Financial Analysis - U City Project (Document 4a) 5-17-18
- Financial Analysis - U City Project (Document 3a) North Only 5-20-18
- Financial Analysis - U City Project (Document 3b) 5-17-18
- Financial Analysis - U City Project (Document 2) 5-22-18
- Rate Return Table
- Bill 9379 - Ordinance approving Redevelopment Agreeement CMP
- Exhibit A - Redevelopment Agreement (1.11.19 for Council)
- University City TIF Redevelopment Plan Outline
- Draft Relocation Policy
- TIF Commission Aug 23 Agenda and June 22 Draft Minutes
- U City TIF Ordinance 7075
- TIF Commission Resolution for Approval
- Report by City Manager to TIF Commission, Aug 23
- 10_16_18 Meeting Notes
- TIF Commission Resolution
- TIF Commission Resolution Exhibit A - Redevelopment Plan Updated May 29, 2018
- TIF Commission Resolution Exhibit B, RPAs 1, 2, 3 Cost Benefit Analysis
- Bill 9371 - Ordinance approving RPA 1 Project2
- Bill 9373 - Ordinance approving RPA 3 Project2
- Bill 9372 - Ordinance approving RPA 2 Project2
- Bill 9370 - Ordinance Approving Red Plan2
- Exhibit C - Cost Benefit Analysis RPA 1 2 and 3
- Exhibit B - Resolution with Redevelopment Plan May 29 2018
- Exhibit A - Redvelopment Plan Sept 4 2018
Redevelopment Plan Documents
Developer Proposals
ROARS Special Edition on the Redevelopment Plan Overview
Community Meeting Materials
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TIF Hotline
TIF Hotline NumberPhone: (314) 505-8780This is the contact number for the TIF Hotline.
Please leave a message with the following information:
- Name
- Call back number
- Question/Comment
A representative will return your call.