DeForest Planning and Zoning Commission Agenda Packet January 2026
Replacement Reserve Maintains Alice Place Long Term
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Description
Pioneer Property Management is committed to a 30-year capital improvements reserve for Alice Place DeForest, ensuring the long-term upkeep and viability of the senior housing project. Funds escalate annually in accordance with the project's financing and compliance requirements.
Contract Details
Contract Amount
$250/unit/year replacement reserve (year 1, 3% annual increase)
Vendor
PIONEER PROPERTY MANAGEMENT
Agency
DeForest village, WI
Contract Type
MAINTENANCE
Document Date
January 27, 2026
Contract Term
30 years (affordability enforcement period)
Renewal Date
2056-01-01
Renewal Info
Funding formula increases annually for 30 years; required by loan/tax credit documents.
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