SUBSTITUTE Authorizing the Mayor and City Clerk to execute a development agreement and authorizing a budget amendment to the 2024 EDD Capital Budget (TID 46) to fund a $344,000 Tax Incremental Finance Loan to University Park Commons II, LLC, or its assigns to construct approximately 68 units of affordable housing located at 625 Sand Pearl Lane in the former Westgate property in Tax Incremental District (TID) 46. (District 11)

Resolution Passed Introduced June 18, 2024

Committee: Economic Development Division
Requested by: FINANCE COMMITTEE
Introduced: June 18, 2024
On agenda: July 2, 2024
Passed: July 2, 2024
Enacted: July 8, 2024
Enactment no.: RES-24-00428

Where it was heard

COMMON COUNCIL Jul 2, 2024 Adopt Substitute Pass FINANCE COMMITTEE Jun 24, 2024 RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER Pass COMMON COUNCIL Jun 18, 2024 Refer Pass

Watch Madison

Say what matters to you — a street, a company, a subject — and we will email you when Madison files something about it.

Free for 14 days, no card — and nothing charges itself: at day 14 the emails simply stop unless you choose to subscribe ($19 a month). One email when something matches, and nothing else. Unsubscribe from any of them. Searching stays free — it is public record.

↑ Back to top