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Committee moves to closed session, approves listing contract and assessment and cell-tower agreements
Summary
Under Wisconsin Statute 19.85(1)(e) the committee entered closed session and approved a NextHome Partners listing contract for Woodlands Business Park (2–1), awarded assessment services to Associated Appraisal Consultants ($110,000/year option), and approved an amendment to a cell-tower lease with VBS 1 Assets LLC for Whitfield Field.
The Finance & Property Committee voted to enter closed session under Wisconsin Statute 19.85(1)(e) to deliberate negotiating the purchasing of public properties and related competitive or bargaining reasons.
In closed session the committee approved entering into a real estate listing contract with NextHome Partners for the city’s vacant Woodlands Business Park parcels; the motion passed 2–1 on the record.
The committee also approved staff’s recommendation to grant city assessment services to Associated Appraisal Consultants under Option 2 (maintenance and two interim market updates) at $110,000 per year through 2031. The motion passed 3–0.
Finally, the committee approved an amendment to the real property option and lease agreement with VBS 1 Assets LLC to expand the area for the cell tower located at Whitfield Field; the motion passed 3–0.
The committee reconvened and set its next regular meeting for Aug. 4 at 5 p.m.; Chair Michael Tim adjourned the meeting at 6:13 p.m.
