Spencer, IA (KICD)– The City of Spencer approved a plan earlier this week surrounding Urban Renewal.

City Manager Dan Gifford says this move that approved on Monday only makes it possible for the city use tax increment financing funds but does not mean the project actually has to come to fruition.

In other business on Monday, the City Council also approved a new Floodplain Zoning Map to be in compliance with state and federal requirements ultimately making the community eligible have flood insurance offerings.