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Council renews one‑year right‑of‑first‑refusal with WGNR for 1.5‑acre city parcel
Summary
The Two Rivers City Council approved a one‑year right‑of‑first‑refusal agreement with WGNR Betting Company, Inc., covering a 1.5‑acre parcel the city owns on Woodland Drive adjacent to the WGNR facility. The agreement would give WGNR 30 days to match any bona fide purchase offer the city receives.
The Two Rivers City Council on Oct. 6 approved a one‑year right‑of‑first‑refusal agreement with WGNR Betting Company, Inc. covering approximately 1.5 acres of city‑owned property on Woodland Drive adjacent to WGNR’s facility.
Under the agreement, if the city receives an offer to buy the parcel, WGNR would have 30 days to match the terms and purchase the property. City staff described the arrangement as a continuation of an existing relationship designed to support local business growth; WGNR representatives told the council the company has been in the community since 1984 and is expanding.
Council approved the one‑year renewal by voice vote. Staff said the agreement does not transfer ownership and does not obligate the city to sell; rather, it provides WGNR a limited first opportunity to match third‑party offers should the city decide to sell.
Ending: The agreement will be signed by the city manager on behalf of the city; no sale has been negotiated or approved.
