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After closed session, Edgerton council forgives Rinehart mortgages contingent on $20,000 escrow and property sale
City of Edgerton Common Council · December 15, 2025
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Summary
The council moved into a closed session under Wis. Stat. 19.85(1)(e) to discuss a development agreement amendment and land purchase, then returned to open session and approved forgiving Rinehart mortgages contingent on Rinehart escrowing $20,000 to cover shortfall payments and contingent upon sale of the properties.
The Edgerton Common Council entered a closed session on Dec. 15 under Wis. Stat. 19.85(1)(e) to deliberate a Development Agreement amendment and a land purchase.
After returning to open session, the council unanimously approved a motion to forgive…
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