Council approves Chapter 380 incentive and rezoning for 29‑unit Cobalt Homes townhome project

The council voted to approve a Chapter 380 economic development agreement with TRJ Services LLC (d/b/a Cobalt Homes) for a 29‑unit, fee‑simple townhome development at 4850 Airport Parkway after staff described site constraints and incentives intended to make the project viable. Wayne Emerson, director of economic development, said the project sits on about 1.57 acres and that staff recommends relief from the town’s standard on‑site detention requirement (a drainage variance) and waiving park fees as a non‑cash incentive to offset site constraints.