After engaging in a preliminary development agreement with the city last summer, local developer Gaughan Companies presented on Jan. 17 a proposal for a five-story, 101-unit apartment complex, along with a restaurant, to be built on the current site of the old city hall on North Lake Street. Gaughan’s current proposal would take advantage of the city’s offer to sell the property for a dollar to the right developer but would also request that the city establish a tax increment financing district to help pay for the infrastructure improvements that would need to occur in the area before the apartments could be built.
The council had mixed feelings about the project when members discussed it during their Jan. 17 work session. They universally praised the building design and were excited by the prospect of getting the property back onto the tax rolls, but some of the council members were concerned about
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