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File #: 25-2161    Version: 1 Name:
Type: Resolution-Council Status: Passed
File created: 11/11/2025 In control: Common Council
On agenda: 11/18/2025 Final action: 11/18/2025
Title: Resolution approving term sheet with Samapa Development Company, LLC for the conversion of the property located at 10499 W. Innovation Drive to a multi-family apartment building
Attachments: 1. Waterfair - TIF Term Sheet Financial Affairs Draft.pdf, 2. R-25-169 - Approving term sheet with Samapa Development Company, LLC for the conversion of 10499 W Innovation Drive to a Multi-Family apartment
Related files: 25-2093

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Resolution approving term sheet with Samapa Development Company, LLC for the conversion of the property located at 10499 W. Innovation Drive to a multi-family apartment building

 

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NOW, THEREFORE, BE IT RESOLVED by the Common Council that the term sheet with Samapa Development Company, LLC, be approved as more thoroughly outlined in the November 11, 2025 Financial Affairs Committee meetings.

 

 

By: Financial Affairs Committee

 

recommendation

Recommendation: Approve 7-0

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The Committee may convene into closed session regarding this item pursuant to Wis. Stat. §19.85 (1)(e), to deliberate or negotiate the purchasing of public properties, the investing of public funds, or conducting other specified public business, whenever competitive or bargaining reasons require a closed session. The Committee may reconvene into open session to consider the balance of the agenda.