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TID 3 Developer Payment Obligated to Mandel

Elm Grove village logoElm Grove village
Disclosed value
$8.5 million (developer payment funded by 2025 debt issuance)
From minutes
Document date
May 26, 2026

The 30-second brief

What it covers

Elm Grove’s TID 3 recorded an $8.5 million developer payment obligation to Mandel in 2025, triggered by occupancy under the development agreement. The Village funded the payment with new debt, with disbursement completed in January 2026.

Who holds it

MANDEL holds this contract with Elm Grove village. Its other public contracts on record include work for Whitefish Bay village and Shorewood village.

What happens next

Term as filed: Obligation accrued in 2025 upon occupancy; cash disbursement made January 2026.

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Contract details

Amount
$8.5 million (developer payment funded by 2025 debt issuance)
Document date
May 26, 2026
Term
Obligation accrued in 2025 upon occupancy; cash disbursement made January 2026
Vendor
MANDEL
Agency
Elm Grove village
Source document
Village of Elm Grove Finance & Licensing Committee Meeting Minutes 2026-05-26 (Minutes)

MANDEL's other public contracts

Elm Grove village, WisconsinElm Grove Reports Mandel Caroline Heights Incentives · Sep 30, 2026Whitefish Bay village, WisconsinTID 2 Budget Follows Development Agreement With Mandel · Aug 18, 2026UndisclosedElm Grove village, WisconsinMandel Receives $8.5M TID 3 Developer Payment · Jun 23, 2026Shorewood village, WisconsinMandel Loan Principal and Interest Payments Recorded in TID 4 · Jun 11, 2026Elm Grove village, WisconsinElm Grove To Remit TIF #3 Funds To Mandel · Apr 28, 2026All MANDEL contractsVendor profile

More Elm Grove village contracts

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Questions about this contract

Who was awarded the government contract by Elm Grove village?

MANDEL was awarded this government contract by Elm Grove village, as recorded on May 26, 2026. The contract value is $8.5 million (developer payment funded by 2025 debt issuance).

How much is the MANDEL contract with Elm Grove village worth?

The MANDEL contract with Elm Grove village is valued at $8.5 million (developer payment funded by 2025 debt issuance).

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Village of Elm Grove Finance & Licensing Committee Meeting Minutes 2026-05-26 (Minutes), dated May 26, 2026 from Elm Grove village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does MANDEL hold?

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

What is Elm Grove village currently buying?

Explore Elm Grove village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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