JEFFERSON — The Jefferson Common Council on Tuesday unanimously approved the final developer’s agreement with Gorman and Company LLC of Oregon so construction can begin on the Candise Street lofts project.
The former Foremost Building site, located at 138 Candise St. in Jefferson, will use the existing structure, located on the east banks of the Rock River, as a workforce housing apartment building for 36 one-, two- and three-bedroom loft-style units.
The site has been placed on both the Wisconsin and National Registers of Historic Places, which allowed the city to secure tax credits. As City Administrator Tim Freitag explained in December, those credits are part of the $9.778 million in funding secured for the project, which also includes loans and mortgages.
Three additional resolutions that authorized funding for a levy that would protect the building from further flooding were eyed in December. Due to the lower level being located in the floodplain, the city submitted and recently got approval for a levy plan from FEMA.
The developer’s agreement had come back to the council with some changes, as requested by the developer’s attorney. City attorney Chris Rogers said the major change was to confirm that the $650,000 loan from the city would go to the construction of the flood wall, which is needed as part of the flood-relief efforts that needed the FEMA approval.
Rogers called the other changes “really minor.”
“They don’t change the major thrust of the agreement,” Rogers said of all the changes.
In other items Tuesday night, the council heard the first reading of a new ordinance regarding licensed animals, both domesticated and not, within the city. The item was scheduled for a first reading only.
On the consent agenda, the council approved the 2019 Jefferson Chamber of Commerce subsidy of $7,500, a 2019 Goat Fest subsidy of $1,000, and a one-time $1,500 subsidy for the Council of the Performing Arts.