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Wega sells more $1 lots

Council approves developer’s agreement

By Angie Landsverk


The city of Weyauwega is set to sell five more lots in Mill Pond Circle for $1 each.

When the common council met on June 17, it approved a developer’s agreement with Sweetwood LLC related to four lots in the subdivision.

There are currently 14 lots remaining in the subdivision, according to City Administrator Jeremy Schroeder.

The city sent the development agreement to Sweetwood LLC last week.

The business initially proposed buying all the remaining lots.

However, Ald. Keith Najdowski suggested a tiered approach to protect the city.

The development agreement approved by the council does that.

Sweetwood LLC must develop and sell four lots before any other lots would be offered to it.

The council also voted last week to sell Lot 5 to a local couple.

Mill Pond Circle is in the city’s Tax Incremental District 4.

The city acquired title to the lots close to three years ago.

In September, 2016, the council voted to purchase 21 lots in the subdivision at a cost of $230,000, as a part of a settlement agreement with Weyauwega Estates.

The city entered into a development agreement with Weyauwega Estates in 2002, after selling the property to Weyauwega Estates for $1.

The agreement set standards for the number of residential units to be developed and created a penalty for failure to reach that level of development.

When the developer failed to reach the development standards, the city followed the development agreement’s procedures to collect the penalty through the levy.

The developer filed a claim after contesting the legality of the penalty and the manner in which it was filed.

Weyauwega Estates then asked the city if it was willing to negotiate a settlement.

As part of the settlement, the city agreed to buy 21 single or two-family lots in the subdivision.

In the spring of 2017, the city sought residential development proposals.

There was little interest from developers, with the restrictive covenants on the lots among the reasons why.

As a result, the city amended the covenants in early 2018.

Looking for development

Schroeder said the city is selling the lots for $1 to get the lots developed.

“We’re starting to get calls,” said Mayor Jack Spierings.

Schroeder noted there is an offer for Lot 14 as well.

Ald. Dewey Stelzner said there is “also a party really interested in Lot 4.”

The city is marketing the lots in a variety of ways.

Since becoming city administrator last September, Schroeder has used the city website, social media and signage to market the lots.
He also markets them heavily in conversations with Realtors and citizens.

The city is updating its website this summer, which will allow it to better market the lots, he said.

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