Legislation Details

File #: 26-0517    Version: 1 Name:
Type: Report Action Item Status: Action Item
File created: 4/21/2026 In control: Community Development Committee
On agenda: 4/29/2026 Final action:
Title: Request to approve an amendment to the Development Agreement with Oshkosh Investment LLC and Lofgren Properties 6 LLC to extend the completion date and minimum assessed value date from January 1, 2026 to January 1, 2027 and update payment process language for improvements to the property located at 200 W. College Avenue (Tax Id #31-2-0263-00) (Chase Bank building) in Tax Increment Financing District No. 11 with the added condition to record alley right-of-way dedication quit claim deed prior to City signature on amendment documents
Attachments: 1. Amendment to Chase Bank Bldg DA Memo to CDC 4-29-26.pdf, 2. 22-1046 - Chase Bldg - Amendment No 1 to Dev Agrm - Extension 3.20.26.pdf
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Title

Request to approve an amendment to the Development Agreement with Oshkosh Investment LLC and Lofgren Properties 6 LLC to extend the completion date and minimum assessed value date from January 1, 2026 to January 1, 2027 and update payment process language for improvements to the property located at 200 W. College Avenue (Tax Id #31-2-0263-00) (Chase Bank building) in Tax Increment Financing District No. 11 with the added condition to record alley right-of-way dedication quit claim deed prior to City signature on amendment documents