CONSTRUCTIONPENDING

Village of McFarland Plan Commission Agenda Packet 2026-06-16

TIF Development Agreement Pending for Ezra Properties Project

$270,000 development incentive; $1,180,000 assessment guarantee; Phase 1 estimated: $1,100,000McFarland villageEZRA PROPERTIES LLCJune 16, 2026

Trusted by teams at

Description

The Village of McFarland is considering approval of a TIF development agreement with Ezra Properties, LLC, providing $270,000 in incentives payable at building occupancy and an assessment guarantee of $1,180,000. This agreement covers Phase 1 of a new commercial development at 4008 and 4012 Terminal Drive, including a children's indoor playground for tenant Well Played. Final action and contract approval are scheduled for the June 23, 2026 Village Board meeting.

Contract Details

Contract Amount

$270,000 development incentive; $1,180,000 assessment guarantee; Phase 1 estimated: $1,100,000

Vendor

EZRA PROPERTIES LLC

Agency

McFarland village, WI

Contract Type

CONSTRUCTION

Document Date

June 16, 2026

Contract Term

Development agreement for phased project; TIF payment at building occupancy; assessment guarantee for term set by agreements

Renewal Date

2027-06-23

Renewal Info

None specified; agreement subject to standard TIF district terms and Village Board final approval. Assessment guarantee and incentive payment terms as defined in the final executed agreement.