The North Platte Redevelopment Authority voted to approve Resolution 2025‑5 and to forward the Mulligan Meadow Redevelopment Plan to city council for formal redevelopment and Tax Increment Financing consideration at a meeting (date not specified).

Gary Pearson, president of North Platte Chamber Development, told the authority the project will first use TIF to pay for streets, sewer, water and dirt work and that DevCo/Chamber Development expects $1 million to $1.5 million in eligible infrastructure costs. Pearson said any remaining increment could later be used to buy down construction costs if the project qualifies for vertical construction under workforce‑housing rules.

The plan seeks to add roughly 49 single‑family lots and three fourplexes (12 multifamily units) when complete. Pearson said about 12–13 houses are already built on the site and selling quickly; sales prices cited by Pearson were about $260,000 for initial homes and about $280,000 for the second phase. He estimated the new housing could generate about 30 school‑age children in total.

"As a chamber development corporation, we're absorbing almost all of the costs on the lots. We're basically selling for a thousand dollars a piece, to help … keep the prices down," Pearson said.

Pearson said the project secured $1,800,000 from the Nebraska Rural Workforce Housing program, about $1.19 million from the Nebraska Department of Economic Development and roughly $610,000 in local funding. He described the local contribution as a loan at 3% interest on a seven‑year payback; proceeds will seed a permanent loan fund the city can reuse for future housing projects.

Site work will include rerouting a drainage channel to accommodate the fourplexes and adding a north–south street along the golf course boundary to create additional lots. Pearson said the team will monitor TIF availability and housing‑market conditions before allocating funds to vertical construction.

Authority members moved, seconded and approved Resolution 2025‑5, authorizing the chair and secretary to sign. The motion carried on a roll call vote.

The authority also completed routine business during the meeting: approving the minutes from the July 10 meeting and electing officers for the coming year (motion and roll call votes recorded). Those votes were taken by roll call earlier in the session.

Next steps described by staff and presenters include forwarding the authority’s recommendation and the required cost‑benefit analysis to the city council and preparing the redevelopment contract and TIF issuance documentation for subsequent action.