A development agreement for a 79-lot residential subdivision on Sturgeon Bay's west side was one of eight recommendations approved by the Common Council Tuesday evening. The Sturgeon Bay Common Council unanimously voted to move forward with the project proposed by Lexington Homes. The property is located at the north end of South Grant Avenue, west of Target and just off Highway 42/57. The Common Council recently approved financial incentives for the project, subject to creating a tax increment district. The single-family residential development will have a price point of $280,000 to $500,000. Mayor David Ward says the project expands the housing market in Sturgeon Bay and ties nicely with a water and sewer extension contract that was also approved on Tuesday.
The infrastructure includes the construction of the Grant Avenue extension to Sawyer Drive and the looping of the water main to Columbia Avenue, which are vital to the overall area.
Another development agreement recommendation by the Finance/Purchasing and Building Committee was approved for Harbor Point Holdings. Michelle Stimpson would bring a 76-unit apartment complex to a newly established tax incremental district (TID). The revenue from this project would help offset the city's financial obligations for the Lexington Homes project.
The Sturgeon Bay Common Council's final action on Tuesday was to approve a development agreement with Rodac for the 80-room Hampton Hotel on the corner of North 12th Avenue and Egg Harbor Road. The agreement is subject to some final adjustments.
