Amending the 2026 Economic Development Division Capital Budget by $4,165,000 and authorizing the execution of a Purchase and Sale Agreement with Starkweather, LLC, or their successors and assigns, for the purchase of four (4) properties addressed as 111 North Walter Street, 31 North Walter Street, 3471 Chicago Ave, and 3470 Canvas Road, Madison, WI 53703 for land banking purposes, and authorizing the expenditure of $135,000 of in the 2026 adopted EDD Capital Budget for environmental assessment, title work, closing costs, holding costs, and predevelopment costs totaling $4,300,000 (District 15).

What this record is

Held by

Starkweather, LLC 5 records across this site

Amount

$4.30M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

amendment

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Starkweather, LLC also holds

Amending RES-25-00299 (Legistar #87871) authorizing the execution of a development agreement with Starkweather, LLC regarding the development of the f… Madison, WI Approving request to grant access and right of entry to Starkweather, LLC or their contractor for the installation and City of Madison for the mainten… Madison, WI Authorizing the Mayor and City Clerk to execute a development agreement with Starkweather, LLC to create a 20-year, mixed-use, Tax Incremental Distric… Madison, WI Authorizing the City’s execution of a Purchase and Sale Agreement between Starkweather, LLC, and the City of Madison for the disposal of City-owned va… Madison, WI

Committee

Economic Development Division

Requested by

FINANCE COMMITTEE

Introduced

May 12, 2026

On agenda

June 9, 2026

Passed

June 9, 2026

Enacted

June 10, 2026

Enactment no.

RES-26-00342

Where it was heard

COMMON COUNCIL Jun 9, 2026 Adopt Unanimously Pass FINANCE COMMITTEE Jun 1, 2026 RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER Pass COMMON COUNCIL May 19, 2026 Refer Pass

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