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The city of St. Charles has been trying to encourage residential development and remediation of the former Applied Composites site.
Pulte Homes requests nearly $3 million in city aid to cover utility line relocation costs.
KEY POINTS
- Pulte plans to pay a $262,274 fee instead of building required affordable housing units on site.
- The proposed 3.85 dwellings per acre is higher density than previous site plans for this site.
- Council debate centers on the conflict between financial aid and requiring on-site affordable housing.
- A TIF district designation is being considered to support the project's financial structure.
COMPANIES
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