MOCA’s PILOT Obligations Under Review By Committee

Following MOCA Inc.’s acquisition of 309 McClellan Street, the committee considered modifying deed and memorandum terms that require 20 years of PILOT payments despite tax‑exempt status. Discussion focused on whether to waive or adjust the financial obligation for the current nonprofit owner.

Document date · February 7, 2023

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

20‑year PILOT obligation through 8/31/2037 tied to property use and ownership

Renewal date

2037-08-31

Renewal

Current deed restriction and memorandum impose PILOT payments through 8/31/2037; potential amendment to waive or limit these payments for MOCA was discussed but not enacted.

Document type

Minutes

Source document

City of Wausau Economic Development Committee Minutes 2023-02-07

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Wausau?

Moca Inc was awarded this financial services contract by City of Wausau, as recorded on February 7, 2023.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Wausau Economic Development Committee Minutes 2023-02-07 (Minutes), dated February 7, 2023 from City of Wausau. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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