Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council to consider developer agreement for Lower Terrace regional lift station with up to $8 million city support
Summary
Council members reviewed a developer agreement that would let a private developer build a regional sewer lift station in the Lower Terrace area; city staff said the station can serve properties only inside the urban growth area and the agreement carries an up-to-$8 million not-to-exceed amount with 4.75% interest over eight years.
The Spokane City Council Agenda Review Committee reviewed a development agreement that would allow a private developer to build a regional sewer lift station in the Lower Terrace area, with a not-to-exceed city contribution of $8,000,000 and an interest repayment schedule of 4.75% over eight years.
City staff said the agreement is a cleaned-up version of a contract briefed previously; the only changes were a corrected legal description and the planning file…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
