Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tid Breezewood Wolf River Wyman topic
No spam. Unsubscribe anytime.
Committee refers Breezewood Builders TID development agreement to council with dates and parcel numbers to be finalized
Summary
The committee reviewed a draft Tax Increment District (TID) development agreement with Breezewood Builders LLC for a mixed housing/commercial project at Wolf River Avenue and Wyman, approved referral to council with construction start and completion dates and a $300,000 maximum TID reimbursement cap.
The Economic Development Committee on April 22 voted to refer a draft Tax Increment District (TID) development agreement with Breezewood Builders LLC to the City Council with parcel numbers and construction dates to be inserted once available.
Staff presented renderings for a development at the corner of Wolf River Avenue and Wyman consisting of two six‑unit apartment buildings and a northern building with a ground‑floor commercial or professional services component. The developer said construction would begin December 1, 2025, with Building 1 targeted for completion in the first 12 months and Building 2 finished within an additional six months; staff recommended inserting those dates into the agreement before council action. The committee was also waiting for the county to combine parcel numbers and provide a single parcel ID for the site.
The proposed incentive is a TID tax increment reimbursement equal to 50% of qualifying taxes paid by the developer over the life of the TID, capped at $300,000. Staff said the developer owns the parcel, so no city sale or acquisition is required. Committee members asked about soil and environmental history because the site previously housed a gas station; staff said the developer reported Department of Natural Resources (DNR) clearance and had been advised to verify that DNR review is complete.
Jose, a developer representative, confirmed the project sequence and said the northern building with a commercial component would be built first. Committee members asked whether the developer had leads for commercial tenants; Jose said none were disclosed yet. The committee voted unanimously to refer the agreement to council with the recommended dates and parcel information to be finalized.
Next steps: staff will insert confirmed parcel numbers and the construction timeline into the draft agreement and forward it to the City Council for consideration.
