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City of Baraboo Finance-Personnel Committee Agenda Packet May 2026

Development Agreement with Driftless Lofts Recommended

$585,000 (loan via CDA)Baraboo Community Development AuthorityDRIFTLESS LOFTS LLCMay 12, 2026

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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

Description

The Finance-Personnel Committee recommended approval of a Development Agreement under which the City will issue a $585,000 taxable note loan to the CDA, to be passed through to Driftless Lofts, LLC for a development project. The arrangement reflects a reduced borrowing need due to additional grants and loans.

Contract Details

Contract Amount

$585,000 (loan via CDA)

Vendor

DRIFTLESS LOFTS LLC

Agency

Baraboo Community Development Authority, WI

Contract Type

OTHER

Document Date

May 12, 2026

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