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Council consents to Moske Corporation collateral assignment for 1116 Hobart Drive project
Summary
The Common Council’s Committee of the Whole agreed to allow Moske Corporation to assign a development agreement to Associated Bank for the 1116 Hobart Drive multifamily project; council approved the consent by voice vote Nov. 18.
The Green Bay Common Council, sitting as the Committee of the Whole, voted Nov. 18 to consent to Moske Corporation’s collateral assignment of development agreement 2025‑04 to Associated Bank for the 1116 Hobart Drive multifamily development.
Alder Johnson moved to approve the consent and Alder Hinkfuss seconded; after brief procedural handling the motion received a voice vote in the affirmative. The motion did not include additional conditions in the public record.
Why it matters: The consent allows the developer to substitute Associated Bank as a secured lender related to the development agreement. The consent is a standard step when a lender takes a security interest in a development agreement.
Next steps: With council consent recorded, the parties may proceed with their financing arrangements under the development agreement terms.
