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Committee votes to enter closed session to review developer agreements and TID financing including Eugene Hotel
Summary
The committee voted unanimously to enter closed session under Wisconsin statute 19.85(e) to deliberate negotiating purchases of public property and to review developer agreements and TIF financing, including a developer agreement supporting the Eugene Hotel in TID 7.
The Finance and Taxation Committee voted to move into closed session under Wisconsin state statute 19.85(e) to deliberate or negotiate the purchase of public properties and the investing of public funds. The Chair described two specific closed-session items: a review and potential recommendation on a developer agreement and TIF 12 financing for future subdivision development, and a review and possible recommendation for a developer agreement supporting the Eugene Hotel in TID 7.
"Business closed under Wisconsin state statute 19.851 e, deliberating or negotiating the purchase of public properties, the investing of public funds, or conducting other specified public business whenever competitive or bargaining reasons require closed session," the Chair said, and the motion to go into closed session passed on a roll-call vote recorded as unanimous. The committee then moved into closed session as stated in the agenda.
Because the discussion and any votes that occurred in closed session are not part of the open transcript, the committee’s public record in this meeting ends with the vote to enter closed session and the listed closed-session agenda items.
