Elm Grove amends Caroline Heights TID development agreement
Elm Grove villageCity · Elm Grove, WI- Disclosed value
- TID Grant $8,466,000 plus Installment Grant payments totaling $9,800,000 (no change to totals; amortization shortened from 20 to 15 years)
- From agenda
- Document date
- Dec 1, 2025
- Renews
- Free account
The 30-second brief
The Village of Elm Grove and Caroline Heights Apartments LLC executed a Second Amendment to their 2023 Development Agreement, revising the Tax Increment District #3 amortization schedule from 20 to 15 years while maintaining an $8,466,000 TID Grant and $9,800,000 in installment grant payments. The change updates Exhibit 16 to reflect a shorter Village Obligations Amortization period and is projected to reduce overall Village costs by approximately $1.88 million over the life of the agreement.
Caroline Heights Apartments LLC holds this financial services contract with Elm Grove village.
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Contract details
- Contract type
- Financial Services
- Amount
- TID Grant $8,466,000 plus Installment Grant payments totaling $9,800,000 (no change to totals; amortization shortened from 20 to 15 years)
- Document date
- December 1, 2025
- Term
- Amortization period reduced from 20 years to 15 years for Village Obligations; payments tied to Tax Increment District #3 schedule through projected TID closure (2040)
- Renews
- Free account
- Agency
- Elm Grove village
- Source document
- village_of_elm_grove_plan_commission_meeting_agend.pdf (Agenda)
Caroline Heights Apartments LLC's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Elm Grove village?
Caroline Heights Apartments LLC was awarded this financial services contract by Elm Grove village, as recorded on December 1, 2025. The contract value is TID Grant $8,466,000 plus Installment Grant payments totaling $9,800,000 (no change to totals; amortization shortened from 20 to 15 years).
How much is the Caroline Heights Apartments LLC contract with Elm Grove village worth?
The Caroline Heights Apartments LLC contract with Elm Grove village is valued at TID Grant $8,466,000 plus Installment Grant payments totaling $9,800,000 (no change to totals; amortization shortened from 20 to 15 years), 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 village_of_elm_grove_plan_commission_meeting_agend.pdf (Agenda), dated December 1, 2025 from Elm Grove village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Caroline Heights Apartments LLC hold?
Caroline Heights Apartments 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.
What is Elm Grove village currently buying?
Explore Elm Grove village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.