As Kwik Trip gets ready to open its new store in downtown Waupaca, it is interested in donating the old store’s property to the city.

City staff are working with Kwik Trip officials to receive the property at 219 W. Fulton St. as a gift.

The Common Council gave its approval last month for city staff to do so.

The value of the property is $439,300, and the taxes on it total $10,983.

Of the $10,983 in taxes, 38 percent – or $4,174 – is the city’s portion.

The donation would include stipulations.

As a condition of transfering the property to the city, Kwik Trip stipulates that the city cannot rent the building or sell the property to any business that would be in direct competition with Kwik Trip.

The list would include convenience stores, movie rentals, bakeries, gas stations, car washes and fast food restaurants.

Kwik Trip indicated it intends to demolish the canopy and remove all existing underground storage tanks.

Before the property is transferred to the city, Kwik Trip would obtain a letter from the Wisconsin Department of Natural Resources, stating the property is clean and absent of any contamination for the underground tanks.

In addition, Kwik Trip would consider demolishing the main building – if the city requested it.

Kwik Trip will also have an appraisal done to determine the value of the donation.

The city would also agree to pay the costs associated with the closing, including the title insurance and recording fees.

The closing would occur after Kwik Trip vacates the old location and all demolition and environmental assurances are complete.

A tentative date for closing is no later than April 30.