News

Spencer Property Purchase Approved

Spencer Property Purchase Approved

Spencer, IA (KICD)–The Spencer City Council unanimously approved the purchase of up to 47 acres of land on the south end of town this week.

Staff was able to negotiate a purchase price of $12,000 per acre, which was the same price that the Holiday Inn Express Developers paid for it.  Councilmember Ron Hanson shared some concern.

Councilmember Steve Bomgaars had similar concern.

According to city staff the primary purpose in purchasing this property is to be visionary and proactive in their approach in continuing to grow the community and meet some of their goals in achieving that growth.   Two of those goals are to have the ability to continue growing our affordable housing stock that was identified in a recent housing needs study as well as affordable rentals.

Councilmember George Moriarty believes this was a hard to pass up opportunity.

The city will split all cost of acquisition and development of this property with Spencer Municipal Utilities.  The total cost for acquisition and development is expected to come in below $1.5 million.

Local Headlines

in Local

Iowa Board and Commission Appointments

Fresh
branstad

Governor Branstad announces appointments to Iowa's boards and commissions.

in Local

Manufacturing 101 Workshop Starts Next Week

Fresh
corridormiller

The Iowa Lakes Corridor is gearing up for it's 4th "Manufacturing 101" workshop.

in Local

Whittemore Semi Rollover

Fresh
Car Accident 1280

A semi rollover occurred Tuesday night on the west side of the Palo Alto-Kossuth County line.

in Local

Iowa Board and Commission Appointments

Fresh
Iowa Map

Governor Branstad announces appointments to Iowa's boards and commissions.

in Local

4th Of July STEP Effort Underway

policelights

Extra law enforcement officers will be present for the next week.