sault_ste_marie_city_commission_meeting_agenda_jan.pdf
Developer Agreement Ratified with Cloverland Electric Cooperative
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Description
The City Commission ratified a developer agreement with Cloverland Electric Cooperative to sell four Air Industrial Park parcels and the Parks & Recreation Building for $40,000 total. Agreement includes a 24-month City access period to the facility and requires development commencement within 24 months.
Contract Details
Contract Amount
$40,000
Vendor
CLOVERLAND ELECTRIC COOPERATIVE
Agency
City of Sault Ste. Marie, MI
Contract Type
OTHER
Document Date
January 5, 2026
Contract Term
Immediate property sale; 24-month non-exclusive City facility access; development to commence within 24 months
Renewal Date
2028-01-05
Renewal Info
City retains facility access for 24 months post-sale; property reverts if not developed in 24 months; further action required for facility rebuild and potential lease renewals of related properties.
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