82564
SUBSTITUTE Authorizing the Mayor and City Clerk to execute a development agreement and authorizing an amendment to the 2024 Capital Budget to fund a $1,669,000 Tax Incremental Finance Loan to Vermillion Madison LLC, or its assigns, to upgrade sanitary sewer and associated costs and construct approximately 328 units of market rate housing and approximately 361 parking stalls located at 1617 Sherman Avenue in Tax Incremental District (TID) 54. (District 12)
What this record is
- Held by
- Vermillion Madison LLC
- Amount
- $1.67M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- amendment
- Field
- Construction
construction contracts in WI that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic Development Division
- Requested by
- FINANCE COMMITTEE
- Introduced
- March 19, 2024
- On agenda
- April 16, 2024
- Passed
- April 16, 2024
- Enacted
- April 18, 2024
- Enactment no.
- RES-24-00273
Where it was heard
COMMON COUNCIL FINANCE COMMITTEE COMMON COUNCILWatch what Madison buys
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