SUBSTITUTE Amending the 2026 Economic Development Division Capital Budget and authorizing the Mayor and City Clerk to execute a development agreement to fund a $2,800,000 Tax Incremental Finance Loan to assist in the renovation and development of office, manufacturing, and research and development space for Realta Fusion, Inc. at 910 Mayer Avenue in the Project Plan area of TID 54 (Pennsylvania Ave). (District 12)

What this record is

Held by

Realta Fusion, Inc

Amount

$2.80M

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

April 14, 2026

On agenda

June 9, 2026

Passed

June 9, 2026

Enacted

June 10, 2026

Enactment no.

RES-26-00339

Where it was heard

COMMON COUNCIL Jun 9, 2026 Adopt Unanimously Pass FINANCE COMMITTEE Jun 1, 2026 RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER Pass COMMON COUNCIL May 19, 2026 Refer Pass

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