Council questions developer agreement language that appeared to make city responsible for infrastructure costs
A councillor flagged Section 5 of the draft developer agreement, asking why the city would be on the hook for public-infrastructure funding; the developer and staff said the draft will be revised and that any city participation would be negotiated separately via a participation or reimbursement agreement if council chooses to authorize it.
The full story
Speaker 7 pressed the developer on financing language that appeared to obligate the city to provide funds for public infrastructure. "So the city is responsible for the funding of this project and the developer the infrastructure," Speaker 7 read from the version he had, questioning why the city would be responsible for buy-in costs and why the developer would not share the burden.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in