City Plans TIF-Funded Agreement for Creamery at Cedar

River Falls staff recommend a Development Agreement with Creamery at Cedar, LLC for a mixed-use riverfront project valued at least at $4.8 million. The agreement would provide $331,000 in development incentives and fund additional TID and utility infrastructure, in exchange for guaranteed minimum tax payments over 15 years.

Scope & details

The full contract record, as filed.

Contract amount

$331,000 development incentive; $742,260 TID infrastructure; $159,615 utility infrastructure

Contract type

OTHER

Contract term

Minimum tax payments for 15 years after substantial completion; substantial completion by December 31, 2027

Renewal date

2042-12-31

Renewal

Agreement includes a 15-year minimum value and tax payment guarantee starting after substantial completion, anticipated by December 31, 2027.

Document type

Agenda

Source document

City of River Falls Common Council Agenda 2026-07-28

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City of River Falls Common Council Agenda 2026-07-28

APPROVED

River Falls Housing Authority, Wisconsin$331,000 (development incentive); plus $742,260 TID-funded City infrastructure; $159,615 public utility infrastructureJul 28, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of River Falls?

Creamery at Cedar Llc was awarded this government contract by Town of River Falls, as recorded on July 26, 2026. The contract value is $331,000 development incentive; $742,260 TID infrastructure; $159,615 utility infrastructure.

How much is the Creamery at Cedar Llc contract with Town of River Falls worth?

The Creamery at Cedar Llc contract with Town of River Falls is valued at $331,000 development incentive; $742,260 TID infrastructure; $159,615 utility infrastructure.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of River Falls Common Council Agenda 2026-07-28 (Agenda), dated July 26, 2026 from Town of River Falls. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Creamery at Cedar Llc hold?

Creamery at Cedar 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 Town of River Falls currently buying?

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