TID 25 financing agreement amendment — 2220 Northwestern Avenue
Racine
Description
Extends the city's $5 million loan to the developer through 2033 at 3.25% interest with a personal guarantee and $338,541.67 in delinquent interest paid from escrow. Recommended for approval.
Impact summary
Gives the developer repayment flexibility while securing the city's loan with a personal guarantee.
Applicant
- Name
- J. Jeffers & Co., LLC
- Address
- 2220 Northwestern Avenue, Racine, WI
At a glance
- Hearings
- 1
- Public comments
- 0
- Total mentions
- 1
Last vote · Finance and Personnel Committee
A recommendation, not a final decision. The council decides next.
Discussed at 1 meeting in the last 60 days; most recently Sep 8, 2026.
Meeting timeline (1)
Related issues (1)
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