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Council accepts donation of 116 Swift Street and approves assignment and transfer steps for Florentine Legacy LLC project

November 08, 2024 | Edgerton, Rock County, Wisconsin


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Council accepts donation of 116 Swift Street and approves assignment and transfer steps for Florentine Legacy LLC project
The Edgerton Common Council accepted the donation of 116 Swift Street and approved steps to transfer the property to Florentine Legacy LLC and to clear and reconfigure related easements as part of an ongoing development.

City staff described the actions as standard assignment and cleanup steps: a developer originally negotiated a development agreement for 116 Swift Street and will assign its interest to a related LLC. Staff said the assignment involves entities with the same controlling parties and that the city’s agreement permits assignment that is not "unreasonably refused." The council voted to accept the donation of the parcel while noting the city will hold title only briefly before transferring the lot to the Florentine entity as part of the development closing.

Staff also explained an easement on page 19 of the development packet — described as a permanent public-access easement for parking stalls used by library patrons and others — will be cleaned up and replaced so public parking access is preserved. Tri-County and other rightsholders will need to agree to the revised easement language because the revised easement crosses adjacent property, staff said.

Councilors approved motions to accept the donation and to authorize the assignment and easement changes; roll-call votes were recorded with councilors voting yes. Staff said the title transfer and easement recording will occur quickly once documentation is ready, but the city will not take permanent title for any extended time.

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Scribe from Workplace AI
Scribe from Workplace AI