Council authorizes staff meetings to draft Stoddard Street development agreement
Council authorized staff to meet and begin drafting a development agreement after a letter of interest for Stoddard Street; the agreement will define responsibilities for developer-built public infrastructure and involve the Planning Board and an Engineering Memorandum on file.
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Derek Olinger, project manager, reported the city received a letter of interest about further development on Stoddard Street and urged a formal process to govern future work. He said, "It is necessary to determine a process to move forward when a certain level of development already exists," and recommended drafting a development agreement to clarify who is responsible for construction, what parties are financially responsible, and what specifications public infrastructure must meet.
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