city_of_medford_committee_of_the_whole_meeting_age.pdf
City Weighs Termination of Nestle PILOT Agreement
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Description
The City of Medford is considering Nestle’s request to terminate its existing payment in lieu of taxes developer agreement for a Tax Increment District #12 property effective December 31, 2021, contingent on Nestle donating the land for a dog park and making the final 2021 payment. If the donation does not proceed, the contract remains in force through 2025.
Contract Details
Vendor
NESTLE
Agency
City of Medford, WI
Contract Type
OTHER
Document Date
September 8, 2025
Contract Term
Until tax year 2025; proposed termination effective December 31, 2021 if land donated for dog park
Renewal Date
2025-12-31
Renewal Info
Original agreement requires Nestle to pay based on an assessed value of $225,000 through tax year 2025, after which taxes revert to actual assessed value. Proposed early termination effective 2021 year-end is contingent upon land donation; otherwise, the original term through 2025 remains.
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