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Committee backs Harborview Lofts development agreement and TIF structure for Wells Fargo site
Summary
The committee approved two linked development agreements and taxable municipal revenue obligations for the Harborview Lofts infill project at the former Wells Fargo site — a 126‑unit market‑rate apartment component and 10 rent‑capped townhomes — with pay‑as‑you‑go TIF terms and HUD‑based rent certification for the affordable units.
The Finance & Personnel Committee approved two development agreements and associated tax‑increment financing authorizations for Harborview Lofts LLC, a proposed infill redevelopment on the former Wells Fargo parcel in downtown Sheboygan.
Staff said the project comprises 136 units in two pieces — a 126‑unit apartment building with an assessed value staff estimated at roughly $22 million and 10 rent‑capped townhomes. To…
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