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Rothschild board approves Luxury Motor Condo development agreement in TID #3
Summary
Trustees approved a development agreement and accompanying pro forma and exhibits for a Luxury Motor Condo project in Tax Increment District No. 3, voting 7-0 to advance the project to final planning steps.
The Village of Rothschild board unanimously approved a development agreement for a Luxury Motor Condo project in Tax Increment District No. 3 on June 8.
Administrator Ryan VanDeWalle presented the pro forma and the final‑stage agreement and said the village wanted to ensure all exhibits were in order before advancing to the final planning and zoning steps. Trustee Bill Schremp moved and Trustee Sam Stroik seconded the motion to approve the development agreement; the motion passed 7-0.
The minutes do not record specific financial terms or a projected timeline beyond noting the village is in the final stages of the agreement and will showcase exhibits prior to the final steps of planning and zoning.
