City of Racine - File #: 0798-26

• File #: 0798-26
• Version: A
• Name: Communication sponsored by Mayor Mason seeking a modification of the Assignment of tax increment financing payment rights as to J. Jeffers & Co., LLC, 2100 Northwestern Avenue, LLC, and 2200 Horlick Holdings, LLC. Staff Recommendation: To be discussed
• Type: Communication
• Status: Passed
• File created: 8/31/2026
• In control: Finance and Personnel Committee
• On agenda: 9/15/2026
• Final action: 9/15/2026
• Title: Subject: Communication sponsored by Mayor Mason seeking a modification of the Assignment of tax increment financing payment rights as to J. Jeffers & Co., LLC, 2100 Northwestern Avenue, LLC, and 2200 Horlick Holdings, LLC. Recommendation of the Finance and Personnel Committee on 09-08-2026: To Approve Fiscal Note: There will be a reassignment of the TIF Incentive Agreement to a new lender, Untamed Equity. The terms of the TIF Incentive Agreement will remain unchanged. A new PILOT Agreement will also be established for both properties to ensure continued tax payments if either property were to ever obtain tax-exempt status.

Date	Ver.	Action By	Action	Result
9/15/2026	A	Common Council	Approved	Pass
9/15/2026	A	Common Council	Approved	Pass
9/8/2026	A	Finance and Personnel Committee	Recommended For Approval
9/1/2026	A	Common Council	Referred

Title

Subject: Communication sponsored by Mayor Mason seeking a modification of the Assignment of tax increment financing payment rights as to J. Jeffers & Co., LLC, 2100 Northwestern Avenue, LLC, and 2200 Horlick Holdings, LLC.

Recommendation of the Finance and Personnel Committee on 09-08-2026: To Approve

Fiscal Note: There will be a reassignment of the TIF Incentive Agreement to a new lender, Untamed Equity. The terms of the TIF Incentive Agreement will remain unchanged. A new PILOT Agreement will also be established for both properties to ensure continued tax payments if either property were to ever obtain tax-exempt status.