TIF agreement approved for Janesville industrial development
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Description
City approves TIF Development Agreement with TI Investors for industrial buildings construction, providing $4,072,993 incentives over 10 years, including land conveyance and tax increment incentives. The project aims to increase property valuations and improve the city's tax base.
Contract Details
Contract Amount
$4,072,993.00
Vendor
TI INVESTORS OF JANESVILLE HOLDING
Agency
City of Janesville, WI
Contract Type
Development Agreement
Document Date
June 9, 2025
Contract Term
10 years
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