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Two Rivers council considers $30,000 purchase of Wineknot LLC parking lot; debate over funding and cooperative agreement
Summary
City staff proposed buying a 22‑space parking lot owned by Wineknot LLC for $30,000 and asked the council to amend the 2025 budget to split the cost between parks capital and TID No. 12 funds.
City Manager Greg told the Two Rivers City Council on July 7 that the city is negotiating to buy a parking lot owned by Wineknot LLC at the southwest corner of Adams and Eighteenth Street for $30,000 and asked the council to amend the 2025 budget to provide funding.
Greg said the lot is largely paved with about 22 spaces and is directly across the street from the community house. He proposed taking $15,000 from parks and recreation capital carryover funds and $15,000 from borrowed funds currently held in Tax Incremental District (TID) No. 12.
Council members raised multiple concerns: the use of TID borrowed funds versus parks capital, the possible effect on planned parks projects, the cost and cap on the Phase I…
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