NU City Council Preview 19 Feb 13

The New Ulm City Council will be considering the establishment of a Tax Increment Financing District for a proposed apartment complex on North Highland Avenue during its regular meeting this (TUE) evening. The apartments would be constructed by Winkelman Building Corporation, which has let 2 such approved TIF Districts lapse since 2004. The company says that it is now ready to start the project, with construction potentially getting underway this year. The apartment complex would consist of a total of 35 apartments, with more possibly being added in the future as well. The Tax Increment Financing deal would be for no more than 25 years and $450,000 in reimbursements. The New Ulm City Council meeting begins at 5pm today at City Hall.