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After closed session, council directs reimbursement up to $1.155 million to developer for speed-table safety work
Summary
Following a closed-session discussion under Wisconsin Statute 19.85, Oak Creek council directed staff to reimburse F Street OCLV LLC up to $1,155,243.55 for city-requested speed table safety enhancements as part of Phase 1 infrastructure, contingent on proof of costs.
The Oak Creek Common Council convened in closed session under Wisconsin Statute §19.85 and, upon return to open session on Jan. 6, approved a motion directing staff to reimburse F Street OCLV LLC up to $1,155,243.55 for construction of speed-table safety enhancements the city requested as part of Phase 1 infrastructure costs, contingent on submission of proof of costs incurred.
The motion to direct reimbursement was moved (Alderman Bukowski) and seconded; the council adopted the direction by roll call. The clerk’s roll-call entries recorded ayes from several members present.
The council referred to the matter as a possible second amendment to Tax Incremental District (TID) No. 13 finance/development agreement with F Street OCLV LLC; staff will process reimbursement with required documentation to verify costs before payment.
Council instructed staff to proceed administratively to implement the reimbursement within the stipulated limit and to ensure required cost documentation is recorded prior to disbursement.
