0250-25
Subject: Communication sponsored by Mayor Mason and Alder Coe, on behalf of the Director of City Development, requesting permission to enter into a Development Incentive Agreement with Dominion 12, LLC and Dominion 14, LLC, and AOA Racine, LLC for the Dominion Downtown Phase 2 project. Recommendation of the Finance and Personnel Committee on 03-10-2025: That the Mayor and City Clerk be authorized to enter into a Development Incentive Agreement and execute all necessary documents with Dominion 12, LLC and Dominion 14, LLC, and AOA Racine, LLC for the Dominion Downtown Phase 2 project. Fiscal Note: The $9.7M loan to the developer will come from the following sources: · $5.7 million will be transferred from TID #9 (Johnson Building)-Cash is available for this transfer · $4 million will come from a City borrowing from the Board of Commissioners of Public Lands as authorized by the Common Council.
What this record is
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Finance and Personnel Committee
- Introduced
- February 28, 2025
- On agenda
- April 2, 2025
- Passed
- April 2, 2025
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