City of Cedarburg Common Council Meeting Agenda Packet May 2026
Amendment to Stone Lake Phase 2 development agreement
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Description
The City of Cedarburg is considering a First Amendment to its development agreement with Stone Lake Development, Inc. to govern Phase 2 of the Stone Lake Condominiums, updating impact fees, financial guarantee amounts, and construction timelines. The amendment establishes a $163,260 Phase 2 letter of credit and detailed completion dates for utilities, roads, and final paving.
Contract Details
Vendor
STONE LAKE DEVELOPMENT INC
Agency
City of Cedarburg, WI
Contract Type
FACILITIES
Document Date
May 11, 2026
Contract Term
Covers completion of Phase 2 improvements per schedule, with financial guarantees active through final asphalt and utility completion deadlines in 2026-2027
Renewal Date
2027-01-31
Renewal Info
Amends the March 14, 2024 development agreement by revising definitions, impact fee schedules, a new Phase 2 financial guarantee of $163,260, and updated completion dates; no automatic renewals described.
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