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Ladysmith council amends developers agreement minimum value, withdraws initial motion and enters closed session to continue negotiations
Summary
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.
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.
Administrator Christianson presented the draft developers agreement and the associated application for two residential-lot purchases. Councilmember Randy Lovely moved to approve the draft agreement, seconded by John Hoover. After discussion focused on the assessed value requirement in Section 7, Lovely withdrew the original motion and Hoover withdrew the second. Lovely then offered an amended motion to approve the Agreement and Application for the purchase of a city-owned residential lot and to change Section 7 so the minimum equalized value of the land and improvements will be not less than $175,000; Hoover seconded the amendment. The amended motion carried by voice vote; the minutes record the result as 6-yes, 0-no with an abstention from John Kenyon.
Following the substantive discussion, Council moved into closed session on a motion by Randy Lovely, seconded by John Kenyon, under the authority of Wis. Stat. §19.85(1)(g) to confer with legal counsel about strategy related to litigation or likely litigation involving a developer agreement. The motion to enter closed session passed on a roll-call vote with all seven members recorded as voting yes. Council President Nathan Johnson later announced the council voted to continue negotiations when it returned to open session.
The minutes do not provide the text of the developers agreement, specific buyer names, or the full details of the valuation concerns; those items were discussed in closed session or were otherwise not specified in the public minutes. The minutes note only the amended minimum equalized value and the recorded abstention by Kenyon. The council adjourned at 6:35 p.m.
