City staff flag second amendment to Barron's Branch predevelopment agreement with Hunt Development
City Manager Ryan Holt told council staff will present a second amendment to the predevelopment agreement with Hunt Development Group expanding scope to include school demolition and planning/marketing services and adding $1.7 million for a total value of $14.4 million; staff indicated intent to reimburse costs with future 2026 debt proceeds.
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In the manager's report, City Manager Ryan Holt highlighted a forthcoming resolution (item 20-26-138) that would approve a second amendment to the city's predevelopment agreement with Hunt Development Group for the downtown Barron's Branch redevelopment. Holt said the city initially contracted with Hunt in February 2024 and amended the contract in July 2024 to initiate design and engineering for phase 1. The second amendment expands the scope to include school-facility demolition, planning updates, mixed-use development and marketing services and adds $1,700,000 for a total contract value of $14,400,000.
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