Negotiations continue over Cub Creek 'third edition' infrastructure costs; council tables request
Developer negotiations over a proposed $1.3M–$1.5M regional assessment and a $911,000 cash-in-lieu ask for Cub Creek continued; council asked for detailed cost breakdowns, alternative funding scenarios and tabled action pending staff-developer meetings.
The full story
Council and the Cub Creek developer resumed talks on a high-value regional special-assessment district the staff estimated at about $1.3–$1.5 million. The developer proposed reducing the district via a $911,000 cash-in-lieu and in-kind public improvements; council members asked for granular line-item cost comparisons (what the base road cost would be versus the delta for an upsized regional collector) before entertaining a deal that would alter assessment policy precedent.
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