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Council approves TIF‑14 developer agreement with PKH Holdings LLC including $250,000 incentive and $1 sale of 60 acres
Summary
The Common Council approved a development agreement tied to TIF‑14 allowing sale of 60 acres (for $1) and a phased $250,000 infrastructure/site‑preparation grant. The agreement includes a $15 million minimum assessed‑value guarantee for the initial phase and other financial protections.
The Common Council on Oct. 20 approved a developer’s agreement between the City of West Bend and PKH Holdings LLC connected to Tax Increment Financing district number 14.
John (last name not specified) presented the agreement and said it is a relatively straightforward package of incentives and protections intended to support a manufacturing or industrial development in the Milwaukee manufacturing development area of…
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