Council approves $59,000 buyout to terminate 2016 development agreement with Raskovics
The council approved an agreement that ends a 2016 purchase-and-development agreement with Peter and Lori J. Raskovic. The termination requires a $59,000 payment from the purchasers to the city and satisfaction of the mortgage; the council voted unanimously.
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A committee member presented an agreement terminating the purchase-and-development agreement dated Oct. 18, 2016, between the city and purchasers Peter and Lori J. Raskovic. The record states the 2.95-acre parcel covered by the earlier agreement remains unimproved and that the parties negotiated a buyout.
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