Ladysmith council amends developers agreement minimum value, withdraws initial motion and enters closed session to continue negotiations
Council members debated a developers agreement for Chester and Phillips avenues, withdrew an initial motion, approved an amendment raising the minimum equalized value to $175,000, recorded an abstention, and moved into closed session to confer with counsel on the agreement.
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The Ladysmith Common Council spent part of its Jan. 12 meeting on a proposed developers agreement for properties on Chester Avenue and Phillips Avenue, ultimately amending the agreement’s minimum-equalized-value requirement and sending further negotiations to closed session.
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