ContractDevelopment Agreement • July 15th, 2024
Contract Type FiledJuly 15th, 2024Commented [KB1]: 6/27: Initial explanation of the changes in this version of the development agreement: This agreement started out as just a reimbursement agreement but has been morphed into a full development agreement due to the developer and City not having signednor recorded the prior development agreement (considered years earlier). I have worked on this present agreement for almost two years, the first version being drafted by the City and sent to the developer/developer’s attorney in August 2022. The next time I received a version of the development agreement from the developer was a year later (8/3/24). That version had a lot of changes. Many versions of this agreement have been exchanged since that time.More recently, after receiving input from the Planning Commission (on 3/19/24) and the City Council (on 3/26/24) about this development agreement, some changes were made, specifically to address concerns discussed at their respective meetings. Then quite a few other substantive