Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves amendment to Dunn Industrial Condominiums development agreement, delays TIF rebates
Summary
Norwalk approved a resolution to amend the Dunn Industrial Condominiums development agreement and terminate a $5 million minimum assessment requirement that hindered project financing. The amendment delays TIF rebate payments and schedules partial rebates to begin in 2028, per staff and bond counsel advice.
Norwalk’s council on Feb. 5 approved a resolution amending the development agreement with Dunn Industrial Condominiums LLC and terminating a minimum assessment covenant that staff said impeded financing for phase 2 of the project.
Staff explained the developer requested the amendment because phase 2 is not proceeding on the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
