village_of_elm_grove_plan_commission_meeting_agend.pdf
Elm Grove Amends Caroline Heights TID Grant Timing
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Description
The Village of Elm Grove and Caroline Heights Apartments LLC executed a Third Amendment to their Development Agreement, revising the trigger for payment of the $8,466,000 TID Grant until after both full occupancy permitting and verification of stormwater system compliance. The amendment preserves the Village’s ability to draw on existing letters of credit if necessary to complete outstanding work.
Contract Details
Contract Amount
$8,466,000 TID Grant
Vendor
CAROLINE HEIGHTS APARTMENTS LLC
Agency
Elm Grove village, WI
Contract Type
FINANCIAL_SERVICES
Document Date
December 1, 2025
Renewal Info
Third Amendment to an existing August 30, 2023 Development Agreement, following prior first and second amendments; this amendment alters only the timing condition for the TID Grant and reaffirms obligations regarding letters of credit while leaving all other terms in force.
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Related Contracts
Village of Elm Grove Building Board Agenda 2026-05-19
APPROVEDvillage_of_elm_grove_plan_commission_meeting_agend.pdf
AMENDEDvillage_of_elm_grove_conditional_use_permit_for_lo.pdf
ONGOINGvillage_of_elm_grove_board_of_trustees_agenda_augu.pdf
AMENDEDvillage_of_elm_grove_board_of_trustees_agenda_augu.pdf
AMENDEDMore from Elm Grove village
Village of Elm Grove Board of Trustees Agenda 2026-05-26
Village of Elm Grove Finance Committee Agenda 2026-05-26
Village of Elm Grove Board of Trustees Agenda 2026-05-26
Village of Elm Grove Board of Trustees Agenda 2026-05-26
Village of Elm Grove Board of Trustees Agenda 2026-05-26
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