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Council approves Providence rezoning with developer commitments limiting master leases
Summary
The West Lafayette City Council approved Ordinance 3-20-25 to rezone Old Town Companies' Providence phases 3–5, along with voluntary commitments from the developer that cap master leases, require common ownership for the subject area, and restrict HOA voting to owner-occupied units. The ordinance passed by roll call vote 7-0.
The West Lafayette City Council on Feb. 3 voted 7-0 to approve Ordinance 3-20-25, allowing Old Town Companies to rezone portions of the Providence development for phases 3, 4 and 5 and to increase the planned unit count from about 550 to 589 units. The council also approved a set of voluntary commitments from the developer before taking the ordinance vote.
The commitments, presented by Justin Moffett, chief executive officer of Old Town Companies, and Jennifer Van Sciver, development director, include a limit on master leasing so that a single entity may lease no more than five units; a requirement that the parcels remain in common ownership rather than be subdivided among multiple owners; and a provision that homeowner association voting on the affected section be limited so that a majority of votes must come from owner-occupied…
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