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Committee waives right of first refusal, clears way for sale of 725 S. 84th Ave
Summary
The Wausau Economic Development Committee voted to waive its right of first refusal and approve new deed-restriction language to allow a pending sale of 725 S. 84th Ave to proceed; the change exempts transfers to taxpaying entities that meet zoning from additional city approval but retains approval for transfers to tax-exempt entities.
The Wausau Economic Development Committee voted to waive its right of first refusal on the property at 725 South 84th Avenue and approved new deed restrictions intended to streamline transfers between private, taxpaying owners.
Development Director Randy Pfeiffer told the committee the packet included a termination and replacement deed restriction tied to a prospective buyer identified in the offer to purchase as Diverse Food Works Equipment LLC. Pfeiffer said the city has historically recorded deed…
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