Summary
First amendment to the TID 24 development agreement approved, supporting the downtown tax increment district project.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jun 15, 2026.
Impact analysis
Up to $5.2 million in TID increment may flow back to the developer, but only after city bonding is paid.
Tycore Built LLC and the TID No. 24 development area.
Mentions & discussions (2)
Common Council - Jun 15, 2026
First amendment to the TID 24 development agreement approved, supporting the downtown tax increment district project.
Committee of the Whole - Jun 15, 2026
The developer hit $300,000 in unexpected infrastructure costs, so the city agreed to raise the maximum TID incentive from $4.9M to $5.2M. The city pays its own bonding first, so officials say there's no hit to city cash flow.
Related development
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