city-of-de-pere-development-agreement_085.pdf
De Pere Hotel Associates awarded $2M TIF development agreement
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Description
De Pere Hotel Associates, LLC awarded $2 million tax increment financing incentive for hotel development project at former Shopko site, with a term through the district's life ending May 7, 2051.
Contract Details
Contract Amount
$2,000,000.00
Vendor
DE PERE HOTEL ASSOCIATES
Agency
City of De Pere, WI
Contract Type
Development Agreement
Document Date
September 19, 2025
Contract Term
June 23, 2025 – Term of the Agreement ending on Final Payment Date or May 7, 2051
Renewal Date
June 23, 2025
Renewal Info
Includes $590,000 Municipal Revenue Obligation payable over up to 24 years; subject to annual appropriation and default provisions
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town-of-peru-common-council-approved-minutes-ems-contracts-construction-awards-jun-17-2025_ca0.pdf
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pendingcity-of-de-pere-resolution-25-68-hotel-project-development_552.pdf
approvedcity-of-de-pere-development-agreement-with-de-pere-hotel-associates_a28.pdf
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