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PI committee agrees to terms to recover past-due specials on 16 Lawrence Bay lots; forwards deal to council
Summary
The Public Infrastructure Committee on Feb. 18 voted 3-0 to forward a negotiated agreement that would require the developer to escrow roughly $525,000 to cover past-due special assessments on 16 Lawrence Bay lots and restructure future specials under a CID and RHID, subject to governing-body approval and Department of Commerce review.
The Topeka Public Infrastructure Committee voted 3-0 on Feb. 18 to advance terms of a negotiated settlement intended to recoup most of the past-due special assessments on 16 lots in the Lawrence Bay subdivision and to restructure future assessments through a community improvement district (CID) and a rural housing incentive district (RHID).
Staff and the developer's counsel described the material terms as including an escrowed payment of roughly $525,000, which staff said exceeds the actual past-due specials of about $423,000. The committee approved a motion to forward those terms to the governing body for full consideration, conditioned on approval of the development agreement, RHID and CID project plan.
Braxton,…
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