Authorizing the Mayor and City Clerk to execute a development agreement for $1,666,000 Tax Incremental Finance Loan to Wash Franklin, LLC, or its assigns to construct approximately 223 units of affordable housing and approximately 68 parking stalls located at 501 E. Washington Avenue in a proposed boundary amendment to Tax Incremental District (TID) 53. (District 6)

What this record is

Held by

Wash Franklin, LLC 2 records across this site

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

contract

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.

Wash Franklin, LLC also holds

Authorizing the Mayor and City Clerk to execute a development agreement to fund a $1,666,000 Tax Incremental Finance Loan that was authorized in the 2… $1.67M Madison, WI

Committee

Economic Development Division

Requested by

FINANCE COMMITTEE

Introduced

May 13, 2025

On agenda

June 3, 2025

Passed

June 3, 2025

Enacted

June 6, 2025

Enactment no.

RES-25-00346

Where it was heard

COMMON COUNCIL Jun 3, 2025 Adopt Unanimously Pass FINANCE COMMITTEE May 27, 2025 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass COMMON COUNCIL May 20, 2025 Refer Pass

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