Approving a Development Agreement For and Sale of Stori Field

Approves the Development Agreement between the City of Richland Center and Enke Development, LLC for the development of Stori Field, authorizing the sale of municipally owned property for $1.00 for the purpose of constructing eight duplexes. The Common Council finds that the proposed conveyance and residential development serve a valid public purpose by supporting local housing availability and encouraging economic growth.