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File #: 25-00171    Version: 1
Type: Committee Report Status: Agenda Ready
In control: City Council
On agenda: 1/5/2026 Final action:
Title: Approval of proposed amendment to the Development Agreement with Oliver Emerson Development (Oliver Emerson Development, LLC) for the rehabilitation and adaptive reuse of 325 South Madison Street (The Watch Factory) as residential. The funding source is Redevelopment Funds and TIF Funds.
Attachments: 1. Watch Factory Staff Report, 2. Committee Report PD - 325 S Madison St, 3. Watch Factory Amended DA 12.22, 4. 2024 DA Emerson for Watch Factory 325 S. Madison St, 5. 2023-197-O [Purchase Agreement with Oliver Emerson Development LLC for 215 S. Madison Street - Watch Factory]

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Approval of proposed amendment to the Development Agreement with Oliver Emerson Development (Oliver Emerson Development, LLC) for the rehabilitation and adaptive reuse of 325 South Madison Street (The Watch Factory) as residential. The funding source is Redevelopment Funds and TIF Funds.