City of Evansville Plan Commission Regular Meeting Agenda
Evansville Amends TIF Deal With Phillips-Morning Group
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Description
The City of Evansville and Phillips-Morning Investment Group, LLC executed Amendment #1 to their 2018 Development Agreement for the Lot 2 mixed-use project in TID #9. The amendment terminates the original agreement, replaces multi-year tax increment reimbursements with a one-time $150,000 incentive payment due by April 14, 2023, and includes mutual releases of prior claims. The developer remains obligated to comply with city ordinances as the property is further developed under the approved site plan.
Contract Details
Contract Amount
$150,000
Vendor
PHILLIPS-MORNING INVESTMENT GROUP LLC
Agency
Evansville Housing Authority, WI
Contract Type
FINANCIAL_SERVICES
Document Date
January 6, 2026
Contract Term
One-time incentive payment, no later than April 14, 2023
Renewal Date
2023-04-14
Renewal Info
Amendment #1 permanently terminates and replaces the original October 9, 2018 Development Agreement; all obligations under the original agreement are deemed satisfied and both parties release all claims. The amendment runs with the land and may only be modified in writing by both parties.
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City of Evansville Plan Commission Regular Meeting Agenda
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City of Evansville Plan Commission Regular Meeting Agenda
City of Evansville Plan Commission Regular Meeting Agenda
City of Evansville Plan Commission Regular Meeting Agenda
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