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Committee moves into closed session to discuss potential TIF investment in Ramish Farm project
Summary
The Finance Committee voted to enter closed session under Wis. Stat. §19.85(1)(e) to discuss negotiations with Halo Real Estate Ventures regarding possible tax-increment financing investment in the Ramish Farm mixed‑use project (vicinity of 4000 Packers Ave and 4201 N Sherman Ave); committee reconvened and instructed staff on negotiating stances.
On Dec. 1 the Finance Committee voted by roll call to go into closed session under Wisconsin Statute 19.85(1)(e) to deliberate or negotiate the purchasing of public properties, investing public funds or similar business where bargaining reasons require confidentiality. The closed-session item (Legistar 91,046) concerned negotiations with Halo Real Estate Ventures on a possible tax-increment financing (TIF) investment for the Ramish Farm mixed‑use development proposed in the vicinity of 4000 Packers Avenue and 4201 North Sherman Avenue.
Roll call votes recorded "Aye" from Council President Vittiver, Alderman Revere, Alder Govender Rajan, Alder Madison and Alder Evers; the chair reported six ayes and the committee entered closed session. After returning to open session the chair reported the committee had received a briefing, discussed potential negotiating stances and instructed staff regarding those stances. No further details were disclosed in open session.
