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Waunakee board signals move toward replacing 2013 development agreement for Madison & Maine property with tax agreement
Summary
Village staff told trustees the 2013 Madison & Maine development agreement has largely been satisfied and proposed replacing it with a tax agreement to preserve tax-increment protections through the life of TID #5; seller and buyer representatives said rent restrictions and current operations would continue.
Village staff briefed trustees on a potential restructuring of the 2013 development agreement for the Madison & Maine property in Tax Increment District (TID) No. 5, recommending the village replace the existing agreement with a tax agreement that would preserve increment protections through the life of the district.
Staff said…
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