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Council briefly convenes in closed session, approves revised development agreement for Grand Boulevard Apartments with $265,874 for site grading
Summary
After a closed‑session negotiation under state statute on sale or investment matters, the Common Council reconvened and approved a revised development agreement with Grand Boulevard Apartments LLC to include $265,874 for site grading subject to final legal review.
The Common Council met in closed session Aug. 5 under Wisconsin Statute 19.85(1)(e) to deliberate a revised development agreement for Grand Boulevard Apartments LLC. The council then reconvened in open session and approved the revised agreement, which includes $265,874 allocated for site grading, subject to final legal review.
Alder Johnson moved the closed‑session motion citing Wis. Stat. 19.85(1)(e) for deliberations related to negotiating the sale of public property. The council voted unanimously to enter closed session, as recorded in the meeting minutes, and returned to open session later in the meeting. Following the closed session the council voted to approve the revised development agreement.
City staff said the $265,874 is for site grading pending final legal review, and that standard post‑closed‑session disclosure procedures were followed. The motion to approve in open session was made by Alder Johnson and seconded by Alder Presley; the council approved the item as reported.
Speakers: city staff introduced the item in committee and council members voted after closed-session deliberations. The closed session was held pursuant to state statute for competitive or bargaining reasons; the open-session approval advanced the development agreement for the Grand Boulevard Apartments project.
