The Hobbs City Commission on June 2 approved multiple development items: a development agreement with Lemke Development Inc. to support market‑rate housing (Resolution 7628), an infrastructure‑extension participation agreement with Property Management Plus LLC to extend Iron Street and related utilities (Resolution 7629), and final plat approval for Meadows Unit 5 with a cash bond for unfinished public infrastructure (Resolution 7630).

Todd Randall (assistant city manager) and other staff presented the items. Randall described the infrastructure participation agreement as a “fair share” approach that funds part of needed work where a developer does not bear 100% of certain utility or roadway costs. He said the Property Management Plus agreement covers 50% of a sewer line and 50% of roadway improvements for about 320 linear feet; the city’s participation in that project was presented as $52,500.

Nut graf: commissioners approved the trio of development actions to support new residential inventory and street and sewer infrastructure; staff emphasized that housing incentives and other payments are tied to completed houses and certificates of occupancy (COs) before incentive payments are released.

Randall and staff described the Lemke agreement as a programmatic developer partnership that has produced housing over multiple phases; staff said the Lemke agreements to date have generated roughly 223 housing units under the city’s program (as presented) and that the current agreement has a maximum incentive cap of $300,000. The Meadows Unit 5 final plat creates 20 residential lots; staff said the city received a cash bond of $15,131.78 to cover unfinished public-infrastructure work and recommended approval.

Each resolution was moved, seconded and approved by roll call vote. Commissioners asked about timing: staff said a typical subdivision-to‑build timeline to begin vertical construction is about a year, but developers who advance utilities and base pavement can begin housing earlier; staff reiterated that an individual lot must have a completed house with a CO before an incentive payment is released.

Ending: Staff will record the final plat, administer the cash bond requirements and continue to monitor infrastructure work and incentive disbursement according to the agreements approved.