Committee reports out from closed session; staff instructed on negotiating positions for two property matters
After a closed session under Wisconsin statutes, the Finance Committee reported it discussed two private-property negotiation items — possible TIF investment for affordable housing at 501 E. Washington Ave. and possible land‑banking purchases near 2010 Pennsylvania Ave. — and instructed staff on negotiating positions and next steps.
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The City of Madison Finance Committee went into closed session on Feb. 3 under Wisconsin Statute Section 19.85(1)(e) to deliberate or negotiate the purchasing of public properties and the investing of public funds. After returning to open session, the committee summarized its closed‑session discussions and reported direction to staff.
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