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Redevelopment Authority approves listing contract for 63 Craft Street; commission to be paid from planning option account
Summary
The Redevelopment Authority approved a commercial lease listing with River Valley Realty LLC for 63 Craft Street, authorizing a 6% commission of the initial 36-month lease term (stated as $15,120) to be paid from the planning option agreement account and reimbursed from lease revenue once a tenant occupies the property.
The Redevelopment Authority of the City of La Crosse approved a commercial lease listing contract with River Valley Realty LLC for 63 Craft Street at its October meeting and authorized funding of the broker commission from the authority’s planning option agreement account.
Andrew Train summarized the proposed arrangement, saying the RDA had recently closed on the industrial building bought from Damon Olsen and planned to lease it until the full land assembly is available. River Valley Realty proposed a minimum 36‑month…
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