Key Projects Get Approvals at Council Meeting
The new downtown apartment project (The Pearl) and new Owatonna High School projects both jumped the next hurdles in getting their projects to completion at tonights Owatonna city council meeting (2/16).
For the apartments, a modification to the tax increment financing agreement were approved including $1.8M in improvements and $609,500 to reimburse city for site purchases (houses and demolition). This project is set to start in June in conjunction with the hotel project.
Owatonna High School received approvals on the prelimiary plat, sign and fence variances, and approval of site plan to construct the project. Construction is expected to begin this spring.