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Council approves development agreement transferring 427 5th Street to MCP Properties LLC
Summary
Calumet Village approved a development agreement transferring 427 5th Street from the DDA to MCP Properties LLC; trustees raised a question about the parking-lot location before approving the transfer 4–0.
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The council voted to approve a development agreement transferring 427 5th Street from the Downtown Development Authority (DDA) to MCP Properties LLC. Trustee Matt L’Esperance asked questions about the parking-lot location during discussion; after that discussion L’Esperance moved to approve the agreement and the motion carried 4–0.
Minutes note a discrepancy from an earlier work-session timeline: the project is recorded as "complete in 24 for months," which differed from earlier references to 15 months. The minutes do not include the contractual text or additional conditions; staff follow-up will be required to review parking-lot placement and any deed or easement details.
