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Franklin Plans $15M PAYGO TIF Deal with Land by Label

City of Franklin logoCity of Franklin
Disclosed value
Up to $15,000,000
From agendapacket
Document date
May 6, 2026
Renews
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The 30-second brief

What it covers

The City of Franklin plans to execute a development agreement with Land by Label for the Poths General redevelopment, providing a pay-as-you-go municipal revenue obligation incentive capped at $15 million. The payments will equal 90% of the tax increment from the residential portion of the project over the 27-year life of Tax Incremental District No. 10, contingent on occupancy benchmarks. The agreement also grants the city a share of excess returns up to $2.5 million.

Who holds it

Land by Label holds this contract with City of Franklin. Its other public contracts on record include work for City of Pewaukee.

What happens next

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Contract details

Amount
Up to $15,000,000
Document date
May 6, 2026
Term
27-year TID life, first payment after residential occupancy and reaching 90% occupancy threshold
Renews
On record
Vendor
Land by Label
Agency
City of Franklin
Source document
City of Franklin Joint Review Board Agenda Packet May 2026 (AgendaPacket)

Land by Label's other public contracts

City of Franklin, WisconsinFranklin Plans $15M TIF MRO for Land by Label · Apr 8, 2026City of Franklin, WisconsinFranklin Plans $15M TIF Incentive for Poth’s General · Apr 8, 2026City of Pewaukee, WisconsinLand by Label Approved for Willow Run Rental Subdivision · Mar 19, 2026UndisclosedAll Land by Label contractsVendor profile

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Questions about this contract

Who was awarded the government contract by City of Franklin?

Land by Label was awarded this government contract by City of Franklin, as recorded on May 6, 2026. The contract value is Up to $15,000,000.

How much is the Land by Label contract with City of Franklin worth?

The Land by Label contract with City of Franklin is valued at Up to $15,000,000.

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 Franklin Joint Review Board Agenda Packet May 2026 (AgendaPacket), dated May 6, 2026 from City of Franklin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Land by Label hold?

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

What is City of Franklin currently buying?

Explore City of Franklin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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