Board declines to reinstate Banner Street site plan; developer's amendment fails
Trustees voted down resolution 26R23 seeking to amend the Banner Street Site Development Agreement and reinstate site‑plan approval after staff said a prior cost estimate had been overstated and the developer submitted a bank commitment. The motion to approve the amendment failed on roll call.
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Staff presented resolution 26R23 asking the board to amend the Banner Street Site Development Agreement to reinstate the site's plan approval and set a new deadline (Nov. 9, 2026) for the developer to provide the required letter of credit.
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