The Stoughton City Council last week voted 11–0 to move forward with a Memorandum of Understanding with the Smet Foundation for the city property at 532 E. Main St., the site of Stoughton’s historic train depot and the Stoughton Area Chamber of Commerce, The Stoughton Courier Hub reports.
The new deal will allot 120 days for the foundation to investigate the purchase of two buildings there — one housing the chamber and the other Stoughton Area Historical Society artifacts. A purchase agreement would likely necessitate the relocation of both.
The foundation will cover any legal or consulting expenses accrued during the exploratory time period with a $10,000 payment to the city. If a purchase agreement is reached, that amount will be credited toward the price.
