Town of Clayton Board of Supervisors Meeting Agenda February 2026
Bank Assumes PILOT Obligations in Amended Development Pact
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Description
Bank of Kaukauna is party to the Amended Development Agreement with Town of Clayton and Last Time Realty, LLC, assuming certain PILOT obligations in foreclosure or tax-exempt ownership scenarios as part of a loan transaction. This protects the Town's financial interests related to the site development.
Contract Details
Vendor
BANK OF KAUKAUNA
Agency
Town of Clayton, WI
Contract Type
FINANCIAL_SERVICES
Document Date
February 18, 2026
Renewal Info
Obligation is ongoing and survives agreement termination until property is returned to taxable status and PILOT paid in full.
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