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Council authorizes release of developer guarantees for Haymarket Landing after 10 years
Summary
The council voted unanimously to release $4 million in developer guarantees tied to the Haymarket Landing (Mixed Use Building) after the project met its tax increment benchmarks and generated more than the guaranteed amount.
The Eau Claire City Council unanimously voted Tuesday to authorize release of developer guarantees tied to the Haymarket Landing portion of the Confluence project after the city determined that the private partners had met their minimum tax-value guarantees.
City Attorney Nick told the council the confluence project had been enabled by two development agreements and private developer guarantees that ensured a minimum…
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