Springville City signs development agreement with LGI Homes for 15-acre Lakeside project

A significant development agreement was approved at the Springville City Council meeting on March 19, 2025, paving the way for LGI Homes to advance a major project in the Lakeside area. This agreement, valued in the millions, is crucial for the construction of new homes and the necessary infrastructure to support them.

Josh, a city representative, detailed that this agreement is specifically for a 15-acre parcel that was not included in the original Lakeside development plan adopted in 2021. An investor had previously acquired the land and facilitated its inclusion in the Lakeside Landing overlay district, allowing LGI Homes to move forward with development.

The agreement establishes essential regulations and timelines, particularly concerning the provision of pressurized irrigation utilities. Under the new terms, LGI must complete the irrigation system before any homes can receive occupancy certificates. This stipulation ensures that the city can manage water resources effectively, preventing reliance on culinary water for irrigation purposes.

Additionally, the agreement outlines reimbursement mechanisms for LGI, allowing them to offset impact fees through credits for the infrastructure improvements they will undertake. This includes upgrades to sewer lift stations and the construction of temporary stormwater basins until regional solutions are implemented.

The planning commission has reviewed the agreement extensively, and it received a positive recommendation from city officials. This development marks a significant step in the ongoing growth of Springville, with LGI Homes poised to be the first developer to complete a project in the Lakeside area. The council's approval signals a commitment to responsible development and infrastructure management in the community.