rockford header
File #: 25-00170    Version: 1
Type: Committee Report Status: Passed
In control: City Council
On agenda: 1/20/2026 Final action: 1/20/2026
Title: Committee recommends approval of the proposed Development Agreement with Urban Equity Properties (UEP Tower Lofts, LLC) for the rehabilitation of 99 East State Street as News Tower Lofts (former Rockford Register Star) for mixed-use residential / commercial development. The funding source is Redevelopment Funds and TIF Funds. (LAID OVER JANUARY 5, 2026)
Attachments: 1. Staff Report 99 East State Tower Lofts, 2. Committee Report PD form- 99 East State St, 3. RNT RDA Draft Development Agreement - 99 East State - JPO markup, 4. RNT Legal Description, 5. Project Cost Schedule, 6. RNT 99 East State Street Guaranty - Final, 7. RNT 99 East State Street Mortgage - Final, 8. RNT 99 East State Promissory Note - Final

title

Committee recommends approval of the proposed Development Agreement with Urban Equity Properties (UEP Tower Lofts, LLC) for the rehabilitation of 99 East State Street as News Tower Lofts (former Rockford Register Star) for mixed-use residential / commercial development. The funding source is Redevelopment Funds and TIF Funds.  (LAID OVER JANUARY 5, 2026)