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Council holds Lakeshore Commons dedication and release until Oct. 7 at developer's request
Summary
The council agreed to hold action accepting public improvements and releasing the developer for Lakeshore Commons Phase 1 until Oct. 7 to allow the developer time to close refinancing.
The Oak Creek Common Council voted Sept. 16 to hold action on a resolution accepting dedication of public improvements and releasing the developer from the development agreement for Lakeshore Commons Phase 1 until Oct. 7. City staff told the council the developer is completing a refinancing step and requested the delay to close that transaction.
Council members moved to hold resolution 12623-091625 and set Oct. 7 as the date for further consideration. The packet and staff comments noted the hold was requested to accommodate the developer's closing schedule.
The council conducted a roll call and approved the hold motion.
