regular_city_commission_meeting_agenda_january_5_2.pdf
Developer Agreement for Training Facility with Cloverland Electric
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Description
The City Commission ratified a Developer Agreement with Cloverland Electric Cooperative for acquisition and redevelopment of City property to serve as a regional utility training facility, with $40,000 in proceeds and 24-month access retention to the Parks and Recreation Building.
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
Development must commence within 24 months of agreement execution
Renewal Date
2028-01-05
Renewal Info
If development does not commence within 24 months, property reverts to the City; non-exclusive building access by City is valid for 24 months from execution.
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