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Developer seeks deadline extension for Lockport Square Lot 6 annexation agreement

5764890 · January 16, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Staff reported a request to extend the completion deadline in the annexation agreement for Lockport Square at Farrell Road (Lot 6) from June 30, 2024, to July 31, 2026, to allow construction of a four‑story climate‑controlled self‑storage building; the extension will be set for public hearing at the next council meeting.

City staff notified the council that the owner of Lot 6 at Lockport Square (Farrell Road, west side) requested a third amendment to the annexation agreement to extend the completion deadline for a four‑story self‑storage facility to July 31, 2026.

Sunny (Staff member) reminded the council that the original concept and rezoning for the multi‑story climate‑controlled storage facility were approved previously (the council-approved change allowing the four‑story design was referenced). The annexation agreement had included a completion deadline of June 30, 2024; the developer now requests additional time to finalize construction following design changes and financing delays.

Staff said two factors delayed the project: the lender required a small increase in building square footage that required a minor design amendment, and the city moved from the 2015 to 2021 International Building Code in ways that affected multi‑story storage building requirements (notably restroom and occupant‑use design), causing redesign time. Interest‑rate increases also slowed the developer's ability to commence construction. The developer anticipates beginning construction in the second quarter of the coming year and estimated a roughly 14‑month buildout.

Staff said the amendment will be placed on the agenda for a public hearing at the next city council meeting and that required public notice has been published. Council members asked clarifying questions about the original approval year and the reasons for delay; staff answered that the rezoning/plan approval dated to 2022 and described the IBC/code and financing impacts that prompted the extension request.