City of Prescott Planning Commission Meeting Agenda March 2026
City Approves TIF Incentive for Bluffs Project
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Description
The City of Prescott approved a TIF agreement with Capital Investment Partners for up to $4,545,000, supporting The Bluffs apartment project through annual pay-as-you-go payments until 2044, with financial performance lookbacks.
Contract Details
Contract Amount
Not to exceed $4,545,000
Vendor
CAPITAL INVESTMENT PARTNERS
Agency
City of Prescott, WI
Contract Type
FINANCIAL_SERVICES
Document Date
March 2, 2026
Contract Term
Until 2044 (last TID #6 payment year)
Renewal Date
2044-12-31
Renewal Info
Agreement includes lookback provisions to adjust incentive if costs are lower or performance exceeds projections. Runs until 2044 or when maximum TIF is paid.
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