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RDA and city approve $230,000 settlement with Edge Homes over Vineyard Lakefront work; board withholds $290,000 for unfinished items
Summary
After a closed-session legal strategy discussion, the RDA board and city council approved a settlement with Edge Homes that pays the developer $230,000 under a 2021 reimbursement agreement and reserves roughly $290,000 for the city to complete unfinished landscaping and grading; the motion passed by roll call vote.
Vineyard — The Redevelopment Agency and the city approved a settlement on Feb. 26 to resolve disputes with Edge Homes over infrastructure and landscaping at the Lakefront (Vineyard Shores) development. After a closed-session strategy discussion on pending litigation, the board voted to pay Edge Homes $230,000 under a 2021 reimbursement agreement and to reserve approximately $290,000 of the remaining funds for the city to complete unfinished work.
City legal counsel Jamie introduced the matter in open session, saying the parties had a disagreement over what work was completed under the 2021 reimbursement agreement and over entitlement-related claims, including a developer assertion that the city owed nearly $900,000 for road-width…
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