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Commission approves housing development agreements, infrastructure participation and final plat for new lots
Summary
The commission approved a Lemke Development agreement for market-rate single-family housing, an infrastructure extension participation agreement with Property Management Plus LLC, and final plat approval for Meadows Unit 5 with a cash bond; staff described incentive payment conditions tied to completed houses and certificates of occupancy.
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…
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