CCR2021099-Staff memo - Spectrum TransferCITY OF MUSKEGO
Staff Report to Common Council
October 27, 2021 Meeting
To: Common Council
From: Adam Trzebiatowski, AICP
Subject: Approval of an Assignment, Assumption and Consent Agreement – Spectrum Watertower
Holdings, LLC.
Date: October 26, 2021
Background Information:
The City of Muskego entered into a Developers Agreement with Spectrum Watertower Holdings, LLC. in
November 2014 for a building they built in the Commerce Center West Business Park development. As part
of the terms of the original Developers Agreement, if the property were to be sold the City first needs to
consent to said transfer of the Developers Agreement. Spectrum Watertower Holdings, LLC. is now in the
final stages of finalizing a sale of the property to a new owner and as such the attached Assignment,
Assumption and Consent Agreement is now being brought forward for Common Council approval. All
terms of the original Developers Agreement will remain exactly the same for the new buyer.