Carroll City Council members Monday will consider annexation of 111 acres north of the city that one of the more prominent developers and land investors in Iowa, LeMar Koethe of Urbandale, plans to develop into homes and potentially apartment complexes.
Koethe, who operates Marko Properties and owns 66 farms in 13 cities, is seeking annexation into Carroll of the property, located west of Noble Avenue and north of 18th Street, on farmland he bought late last year for $1.39 million from WD, L.C. and L.J. Wiedemeier, Inc., entities connected to Patrick Wiedemeier and Tom Wiedemeier, according to warranty deeds filed with Carroll County.
The Planning & Zoning Commission voted unanimously Aug. 11 to recommend the annexation. The matter is scheduled to go before the Carroll City Council Monday, Sept. 13 for a public hearing. The council session, which is open to the public, starts at 5:15 p.m. at City Hall.
City staff members also are recommending annexation.
“This is a 10-year economic-development home run for Carroll,” City Manager Mike Pogge-Weaver said. “We are excited to work with Mr. Koethe. We think it is a great opportunity to work on some of our housing and workforce shortage needs. We look forward to working on this and any other developments that come forward.”
In an interview with the Times Herald, Koethe said he will groom the property for housing development as he has done for thousands of homes in places like the Des Moines suburbs of Altoona, Waukee, Adel and Grimes.
“I want to work with people in your city and give them what they want,” Koethe said. “It’s got to be something the city is excited about.”
The timetable for development will depend on demand, but Koethe said his instinct is the plan will involve both single-family homes and apartments, with an emphasis on houses. He said the land could accommodate 300 or more homes.
“It all depends on how it lays out when I take it to the architect and engineers,” Koethe said.