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Franklin council authorizes staff to finalize TID-related agreement language after closed session
Summary
The city authorized staff to add a clause making any development agreements subject to the creation of Tax Incremental District (TID) 10 and accepted staff-prepared changes after a closed-session discussion; the vote passed 3–2.
The City of Franklin Common Council voted Jan. 6 to authorize city staff to accept and prepare changes to proposed development agreements related to a potential Tax Incremental District (TID) 10 and to add language making any execution of those agreements expressly subject to the creation and existence of TID 10.
The measure followed a closed-session discussion under Wisconsin Statute 19.85 on market-competition, bargaining and funding considerations tied to proposed residential-commercial development at the southeast corner of South 76th Street and West Rawson Avenue, a project the…
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