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 2026 EDD Capital Budget in (TID 53) to Wash Franklin, LLC, or its assigns to construct approximately 222 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

no end date published in this record

Type

amendment

Field

Construction

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 for $1,666,000 Tax Incremental Finance Loan to Wash Franklin, LLC, or its assi… $1.67M Madison, WI

Committee

Economic Development Division

Requested by

FINANCE COMMITTEE

Introduced

April 28, 2026

On agenda

May 19, 2026

Passed

May 19, 2026

Enacted

May 22, 2026

Enactment no.

RES-26-00293

Where it was heard

COMMON COUNCIL May 19, 2026 Adopt Unanimously Pass FINANCE COMMITTEE May 11, 2026 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass COMMON COUNCIL May 5, 2026 Refer Pass