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Board grants developer extension on East Troy Business Park construction start
Summary
Trustees approved a motion to extend the construction commencement date for MFT East Troy LLC on Parcel RA470400001 in the East Troy Business Park to the May 4 meeting date, citing pending approvals and weather-related delays.
Staff explained the development agreement for MFT East Troy LLC required construction to begin April 15 but developers were finalizing approvals and a required pre-construction meeting only took place the prior Friday. Staff requested an extension to April 30 and noted the village could hold title in escrow until construction begins.
A trustee moved to extend the construction commencement date to May 4 so the board could revisit the item at its next regular meeting if necessary. The motion was seconded and the chair called a voice vote; the chair declared the motion carried.
No roll-call vote tally was recorded in the transcript; the board's action was recorded as a voice approval. Staff noted the extension provides an interim compliance date and preserves the village's ability to keep title in escrow until the developer commences work.
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