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Monona council approves development agreement for 48-unit Monona Pines project after closed session
Summary
The Finance and Personnel Committee approved a development agreement with Monona Pines 2 LLC for a 48-unit market-rate apartment on Monona Drive and authorized staff and the CDA to finalize terms including TIF assistance.
The City of Monona Finance and Personnel Committee approved Resolution 25-5-2806 on May 2025, authorizing a development agreement between the City, the Monona Community Development Authority (CDA) and Monona Pines 2 LLC for a proposed 48-unit market-rate apartment building on Monona Drive.
Director Plowman and staff introduced the project before the committee entered a closed session under Wisconsin Statute section 19.85(1)(e) for deliberating or negotiating the purchase of public properties, investing public funds, or conducting specified public business when competitive or bargaining reasons require a closed session. Developers provided…
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