Common Contracts
1 similar Development Agreement contracts
Planning and Economic Development DivisionDevelopment Agreement • November 28th, 2000
Staff has prepared a Draft Development Agreement between the City of Urbana and the development partnership of Tatman/Horve, L.L.C. for land transfer and residential development of the Kinch/Florida property in southeast Urbana. The City has owned this 18.51-acre property for several years as a result of previous development agreements with Mr. Scott Weller. Development of this site will allow for the extensions of Kinch Street southward and Florida Avenue eastward and for the addition of approximately 50 new single-family residential lots in Urbana. The Florida Avenue/Kinch Street connection will provide significant safety and convenience benefits to roadway circulation patterns in this portion of Urbana. The proposed roadway extensions and use for low-density residential are fully consistent with the Comprehensive Plan designations for the site.
