FINANCIAL_SERVICESRECOMMENDED

TID No. 9 Financing Recommended for Hephaestus Project

The Brookfield Plan Commission recommended approval of a TID No. 9 financing agreement with Hephaestus Development Partners, LLC that provides cash grants totaling approximately $4.512 million for redevelopment at 15875 West Bluemound Road. The agreement includes milestone-based payments, tax increment guarantees, and PILOT provisions, with final terms to be set by the Common Council.

Status
RECOMMENDED
Document date
December 8, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Hephaestus Development Partners Llc
Agency
City of Brookfield · WI

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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

Scope & details

The full contract record, as filed.

Contract amount
$1.35 million plus $3.162 million (cash grant distributions)
Contract type
FINANCIAL_SERVICES
Contract term
Tax Increment District No. 9; debt to be fully repaid no later than 24 years after project commencement; key milestones April 1, 2027 and April 1, 2028
Renewal
Agreement requires full repayment of TID debt within 24 years of project commencement; includes provisions for future site plan modifications that do not reduce projected tax value. No automatic renewals stated.
Document type
Agenda
Source document
city_of_brookfield_plan_commission_meeting_agenda.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Brookfield?

Hephaestus Development Partners Llc was awarded this financial services contract by City of Brookfield, as recorded on December 8, 2025. The contract value is $1.35 million plus $3.162 million (cash grant distributions).

How much is the Hephaestus Development Partners Llc contract with City of Brookfield worth?

The Hephaestus Development Partners Llc contract with City of Brookfield is valued at $1.35 million plus $3.162 million (cash grant distributions), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city_of_brookfield_plan_commission_meeting_agenda.pdf (Agenda), dated December 8, 2025 from City of Brookfield. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hephaestus Development Partners Llc hold?

Hephaestus Development Partners Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Brookfield currently buying?

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