City of Wilton Resolution 05112026B TIF Loan Payments
Wilton Approves $404K TIF Payment to Hy-Line
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Description
The City of Wilton approved a TIF loan payment of $404,845.00 to Hy-Line under the Wilton Redevelopment Area Urban Renewal Plan, with the loan set to expire June 30, 2029. Funding will come from incremental property tax revenue in Area 3.
Contract Details
Contract Amount
$404,845.00
Vendor
HY-LINE
Agency
City of Wilton, IA
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
Through 06/30/2029
Renewal Date
2029-06-30
Renewal Info
TIF loan agreement runs through 06/30/2029; renewal or modification would require subsequent council action.
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