CCR2016032-TID 11 Developers Agreement
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #032-2016
RESOLUTION AUTHORIZING TID 11 DEVELOPMENT AGREEMENT:
PARKLAND TOWNE CENTER
WHEREAS, Parkland Towne Center LLC (the “Developer”) has requested a Tax Incremental
District, (“TID No. 11”), which is to include various Developer incentives and obligations for
building a mixed use development that is to include around 53,000 square feet in commercial
structures and three (3) multi-family residential structures totaling 90 units (the “Development
Project”) all on the property described on Exhibit A of the Developer’s Agreement attached
hereto and also known as Tax Key No. 2198.984; the “Property”; and
WHEREAS, the Property is located within the boundaries of the City’s proposed Tax
Incremental District No. 11 (“TID No. 11”) which has been created by the City for the purpose of
promoting new mixed use development in the City; and
WHEREAS, the development of the Property and the construction of the Development Project
will further the purposes of TID No. 11 and is in the best interests of the City; and
WHEREAS, in order to obtain for the City, TID 11, and its residents the benefits to be derived
from the construction of the Development Project, the City proposes to enter into a
Development Agreement outlining Developer incentives and obligations with the Developer in
substantially the form attached hereto (the “Development Agreement”);
NOW, THEREFORE, be it resolved by the Common Council of the City of Muskego, Waukesha
County, Wisconsin, that the Mayor and City Clerk are authorized to execute the Development
Agreement, for and on behalf of the City, with such insertions therein or changes and
corrections thereto as shall be approved by the Mayor and City Attorney.
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DATED THIS 10 DAY OF MAY , 2016.
SPONSORED BY:
Mayor Kathy Chiaverotti
Deferred 4/26/2016
This is to certify that this is a true and accurate copy of Resolution #032-2016 which was
adopted by the Common Council of the City of Muskego.
____________________________
Clerk-Treasurer
CCR2016032-TID 11 DEVELOPERS AGREEMENT.DOC