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Council approves up to $500,000 credit for Greystar to build regional drainage improvements near Peoria Parkway
Summary
The Commerce City Council voted to authorize a reimbursement agreement — structured as a credit against drainage impact fees — of up to $500,000 to Greystar Development Central LLC for regional drainage work tied to a 336‑unit apartment project north of 104th and Peoria Parkway.
Commerce City Council on the motion approved a resolution authorizing the city manager to negotiate a reimbursement agreement with Greystar Development Central LLC for up to $500,000 for construction of regional drainage improvements that will be built as part of the Aberdeen Subdivision No. 3 project north of 104th and Peoria Parkway.
The agreement, described during the meeting as a credit against drainage impact fees rather than a direct cash payment, passed by roll call 7 yes, 1 no and 1 excused absence. Councilmember Ford moved the resolution and Councilmember Dukes seconded the motion.
City staff said the development is in the final stages of administrative review: the final plat and site plan…
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