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East Troy board approves sale of village parcel to SmashPoint Investments
Summary
The East Troy Village Board approved an offer by SmashPoint Investments LLC to purchase a portion of a village-owned parcel in TID 4. Trustees noted the buyer’s offer includes a review period through November and may be extended if government approvals delay closing.
The East Troy Village Board of Trustees approved an offer from SmashPoint Investments LLC to purchase part of a village-owned parcel in Tax Increment District 4 during a brief special meeting.
An unidentified trustee moved to approve the sale; Elaine was named in the meeting as the mover and another trustee seconded. During discussion an unidentified speaker said the buyer’s offer is valid through a review period in November and that the buyer may extend the offer twice if government approvals delay finalization. The board voted in favor, and the chair declared the motion carried.
The motion covered a parcel referenced in the meeting as R A376700001 in TID 4. The board did not enter into detailed packet materials during the meeting; staff later arranged for signatures on the offer after adjournment. No funding details, sale price, or closing date were provided on the record.
The meeting minutes record six trustees present and one excused; the chair announced the motion carried by voice vote. The board adjourned immediately afterward.
