Amendment passes for South Sioux City redevelopment project

SOUTH SIOUX CITY, Neb. (KCAU) — The South Sioux City City Council voted to approve a second amendment to a redevelopment project.
Council members unanimously voted yes on the amendment to allow the Hovey Construction to use TIF money on phase 3 of the project.
The amendment indicates that TIF bonds or notes will not to exceed $3.049 million for the project.
The total estimated costs for phase 1 and 2 is more than $2.8 million each, while phase 3 is estimated to cost more than $7.5 million.
City officials said the amendment will also expand the project from its original 21-lot addition near the Siouxland Freedom Park.
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'We made a few changes to it to expand it a little bit, and so we met with Hovey, we met with a committee, and we made the changes we need to make. So it's going to be a little bigger, better basically not a whole lot of changes, but just made it, so we have more options and more flexibility,' said Mayor Rod Koch.
Council members also approved a grant application for Siouxland Freedom Park's Rock Shelter Project along with agreeing to pay for half a sign for Freedom Park.
The parks' board agreed to pay the other half of the sign, up to $3,250.
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