Finance Committee Meeting - March 9, 2026

The City of Stevens Point Finance Committee convened to discuss several key development and financial matters. They approved a farming lease for approximately 100 acres of city-owned land slated for future development, generating $12,400 in lease revenue allocated to TIF District 14. The committee also approved a wetland impact fee of up to $60,000 for the Door to Dreams Sisters Meadow Subdivision project in TIF District 11, supporting housing for adults with intellectual disabilities while striving to minimize wetland damage. Additionally, a development agreement with Ark Central was approved for a six-unit condominium project in TIF District 10, aimed at addressing regional housing needs with affordable for-sale units. A significant presentation was made regarding a proposed 63-unit townhome project on city-owned land, highlighting the need for financial assistance due to high construction and design costs, with plans to seek site control to advance detailed design and financing. The meeting concluded with a closed session to negotiate development agreements and real estate acquisitions related to TIF District 10 and the Business 51 project.