City of Waupun Seeks Housing Developers

Spirit Fields is located in Mayfair Estates on city-owned land on the southeast side of the City of Waupun.  The City is seeking bids for land sales for construction of Spirit Fields to begin Quarter 2 of 2020.  The development contains 5 parcels zoned R2 for single and 2-family residential development.

The city is currently seeking developers for residential construction projects on the five lots.  See attached plat for site/location details.  The City has established a land price to leverage tax increment financing and foster early development and will entertain offers from developers who are fully capitalized for the proposed project.  Effective July 11, 2019, land price for each available lot starts at $15,000 with a commitment to complete construction and obtain occupancy by December 31, 2020.   The City will special assess an additional $5,000 to the parcel for a total land sale of $20,000 for any parcel sold that does not complete construction and obtain occupancy granted as of December 31, 2020. 

Developers awarded a purchase agreement will be subject to the restrictive covenants of the subdivision and will be required to sign a developer’s agreement with the City of Waupun.  The initial deadline to respond is July 31, 2019 but may be extended at the discretion of the City of Waupun.  To be considered, developers should submit a written offer to purchase along with evidence of financing and a description of the intended project to be built on the site in a sealed envelope and marked to the attention of the City Clerk, City of Waupun, 201 E Main Street, Waupun, WI 53963 by 4:30 p.m. on July 31, 2019.