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Council approves amended purchase/lease terms for Green Bay Drop Forge site
Summary
The Common Council approved amendments to a purchase-and-lease agreement for the former Green Bay Drop Forge site after the purchaser and seller agreed to revised financial commitments and equipment-removal terms.
The Green Bay Common Council on Aug. 5 approved amendments to the city’s purchase and lease agreement for the Green Bay Drop Forge site that change several financial and property‑cleanup obligations after weeks of negotiation.
Alder Oliver Johnson, who led the item in committee, described the amendment as a set of mutually agreed clarifications negotiated by the city law department and the purchaser. The amendment raises the purchaser’s maximum financial obligation for certain costs from $50,000 to $75,000 and calls for a 50% split of costs, including Department of Natural Resources…
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