The Special Town Council Joint Information Meeting held on September 29, 2025, in Jackson, Teton County, Wyoming, focused primarily on the extension of a development agreement with Penrose for a substantial housing project located at 90 Virginian Lane. The meeting was led by April Norton, the housing department director, who provided an overview of the project's timeline and current status.

Norton explained that the land for the project was purchased in August, with a request for proposals (RFP) released in November. Penrose was selected as the development partner in June 2024, and a ground lease option agreement was signed in December 2024. The initial deadline for executing the development agreement was set for June 30, 2025, but an extension was granted in May to accommodate cost-sharing on schematic design, pushing the deadline to September. Norton requested an additional extension to the end of the year to finalize the development and financing agreements.

During the discussion, Norton highlighted that the development agreement is nearing completion, with several key issues being addressed, including parking plans and easements. However, the council was not yet ready to authorize the housing authority to execute the agreement, as some details still needed to be finalized.

Commissioner Probst raised questions regarding the potential interim use of the property as an RV park, which would generate income. Norton clarified that due to tax-exempt bond financing used for the property purchase, renting it out would exceed revenue thresholds and trigger tax liabilities, making it financially unfeasible. Deputy County Attorney Keith Kingery added that the focus should remain on facilitating the start of construction rather than pursuing interim rental agreements.

Councilwoman Beeman expressed the need for clarity on the contents of the development agreement, emphasizing the importance of understanding the obligations of both the housing authority and Penrose. Norton assured the council that she could provide a high-level overview of the agreement's key points, which include unit numbers, parking ratios, and timelines for project completion.

The meeting concluded with a commitment to provide further details on the development agreement and a focus on ensuring that all parties are aligned on expectations as the project moves forward. The council plans to reconvene before the end of the year to finalize the agreement and discuss any outstanding issues.