OTHERPENDING

City Proposes Tax Abatement for New Hotel Project

The Madison Common Council introduced Resolution 2026-4C granting Clifty Madison LLC a six-year real property tax abatement for a new hotel development on Clifty Drive. The preliminary resolution sets a 100 percent deduction in the first year and 50 percent in years two through six, pending final approval after public notice.

Status
PENDING
Document date
June 2, 2026
Contract type
OTHER
Vendor
Clifty Madison Llc
Agency
City of Madison · IN

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
6-year real property tax abatement; estimated taxes saved approx. $665,000 over abatement period
Contract type
OTHER
Contract term
Six-year real property tax deduction period with Year 1 at 100% and Years 2–6 at 50%
Renewal date
2035-12-31
Renewal
Tax abatement runs for six years from the first full assessment year after construction; no renewal terms specified.
Document type
AgendaPacket
Source document
City of Madison AgendaPacket City Council Agenda 2026-06-02

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Madison?

Clifty Madison Llc was awarded this government contract by City of Madison, as recorded on June 2, 2026. The contract value is 6-year real property tax abatement; estimated taxes saved approx. $665,000 over abatement period.

How much is the Clifty Madison Llc contract with City of Madison worth?

The Clifty Madison Llc contract with City of Madison is valued at 6-year real property tax abatement; estimated taxes saved approx. $665,000 over abatement period.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Madison AgendaPacket City Council Agenda 2026-06-02 (AgendaPacket), dated June 2, 2026 from City of Madison. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Clifty Madison Llc hold?

Clifty Madison Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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