Minutes - Economic Development Authority - 04/12/2018

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Member Hardin asked for additional details on design standards and quality. He asked if the roads would be private and therefore not maintained by the City. Community Development Director Gladhill confirmed that although the product is different than the other side of the development, the products would meet the minimum design standards of The COR. He noted that this would be a detached product with rear-loaded garages and private roads that would be maintained by the Homeowners Association. He noted that the adjacent neighborhoods also have privately maintained roads. Member Hardin asked if the Planning Commission has reviewed the request. Community Development Director Gladhill noted that the Planning Commission has reviewed the case twice on conceptual levels. He noted that the primary discussion thus far has been the private road connections and noted that a more thorough discussion will occur when the Preliminary Plat is submitted. Chairperson Steffen noted that initially there were three options presented for layout and design and asked if that has been narrowed down. Community Development Director Gladhill confirmed that one layout has been chosen. Member LeTourneau referenced the right-of-reentry agreement and asked for details on what would trigger that element. Economic Dev. Mgr/Assistant City Administrator Brama provided additional details, noting that the trigger would be whether investments and improvements have been made to the site. He stated that if improvements have been made, the City could enact penalties rather than attempt to take the property back. Member Riley stated that the right-of-reentry is there to protect the City and ensure that the desired outcome is achieved. He stated that the agreement encourages the developer to build the project as planned, noting that the City does not want to take the property back. Member LeTourneau agreed that the primary intent is to have the City owned property sold and in the hands of a developer but also to build the community. He agreed that the right-of-reentry helps to stimulate the development and ensure that it does not remain vacant for years. Chairperson Steffen noted that the right-of-reentry specifies 15 homes but there are many more homes included on the plan. Economic Dev. Mgr/Assistant City Administrator Brama stated that it is difficult for the developer to commit to a large number of homes developed as the real estate market is unknown and therefore has difficulty committing to things beyond their control. He noted that this agreement is consistent with other developments, as the City does not require full build out in the agreement, for a single family home project. Economic Development Authority/April 12, 2018 Page 4 of 8