LE MARS — A historic Le Mars apartment building located on city property is changing hands.
Floyd Valley Apartments, owned by Weinberg Investments, Inc. of Sioux City and Sioux Falls Environmental Access, a Sioux Falls, S.D., nonprofit, is being sold to Trinity Housing Resources, a nonprofit based in Milwaukee, doing business as THR-Floyd, LLC.
Roger Caudron, a Sioux City community development consultant, asked the Le Mars City Council at its Tuesday, July 1, meeting to approve the transfer of the land lease. The agreement, set to expire on Feb. 28, 2077, provides an annual payment to the city…