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File #: 25-00170    Version: 1
Type: Committee Report Status: Agenda Ready
In control: City Council
On agenda: 1/5/2026 Final action:
Title: 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.
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

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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.