SUBSTITUTE Amending the 2026 EDD Capital Budget (TID 57) and authorizing the Mayor and City Clerk to execute a development agreement to fund a $2,000,000 Tax Incremental Finance Loan to Odana Apartments, LLC, or its assigns to construct approximately 227 units of affordable housing and approximately 132 parking stalls located at 5559 Odana Road & 5542 Medical Circle in a proposed creation to Tax Incremental District (TID) 57 (District 19).

What this record is

Held by

Odana Apartments, LLC

Amount

$2.00M

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

May 12, 2026

On agenda

June 9, 2026

Passed

June 9, 2026

Enacted

June 10, 2026

Enactment no.

RES-26-00340

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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