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Bonduel board moves to offer repurchase of Lot 12 after five‑year build deadline lapses
Summary
After the five‑year construction deadline for Lot 12 at 514 Commerce Court expired March 31, 2026, the Village moved to proceed with an updated Offer to Purchase at the original sale price after the owner requested a three‑year extension but gave no firm timeline.
The Bonduel Village Board on May 13 moved to proceed with an updated Offer to Purchase for Lot 12 at 514 Commerce Court after the property’s buyer missed a five‑year building requirement.
The board reviewed the original 2021 sale terms, which required construction on Lot 13 within two years and Lot 12 within five years. The five‑year deadline for Lot 12 expired March 31, 2026, triggering the Village’s repurchase option. Kevin Bartlett, owner of Village Tractor and current owner of both lots, told the board he intends to expand his business at some point but has no firm timeline and asked for an additional three years to develop the parcel. Bartlett said he would be willing to sell the lot back if the Village had another interested buyer, but that he might consider relocating his business outside the Village if required to sell the property back to the municipality.
Trustee Kay Zuleger moved, Trustee Matt Pleshek seconded to proceed with an updated Offer to Purchase for Lot 12 at the original sale price. The motion carried unanimously as recorded in the minutes; the meeting record does not list individual votes for this motion.
Board members noted the Village’s objective of attracting businesses that grow the tax base and discussed that, if the Village repurchased the lot and did not immediately resell it, Bartlett could later reacquire it should his business expand.
The discussion also noted that the property had previously been considered for a lot combination via Certified Survey Map, but because it was later included in a Tax Incremental District the parcels are ineligible to be combined using a CSM. The board did not set a deadline for delivering the updated Offer to Purchase in the meeting minutes.
