The Pella City Council is holding a special meeting this evening to continue work on expanding housing in the community.

A resolution, if approved, would offer the City of Pella’s support and clarifies items they intend to include in a development agreement with Harvest Investments LLC for a proposed housing cooperative in Bos Landen. The project was highlighted as part of the Southwest Urban Renewal Area, which the council approved at their meeting last week. Proposed development includes a 39-unit housing cooperative located near the Bos Landen clubhouse.

The developer estimates the construction cost of the project to be approximately $13.5 million, which equates to approximately $210,000 in annual property tax revenues for the City of Pella. While the resolution isn’t formally binding, it does provide guidance for how the council plans to proceed, which includes the adoption of tax increment financing to fund approximately $1 million in infrastructure costs and the rezoning of the land from agriculture to residential.

Also at the meeting, the council will hear a budget proposal for converting Neil Drive and 218 Place to hard surface near Shady Brook, and then in policy and planning, consider options for extending a bike trail to Vermeer Corporation and discuss the redevelopment of the Oskaloosa Street corridor. The Pella City Council meeting begins at 7 p.m. this evening in the Public Safety Complex on Liberty Street.