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Administration says Ocean Terrace developer is pursuing permits; committee told default not warranted while developer pursues building permit
Summary
City attorneys told the committee the Ocean Terrace developer has submitted construction drawings and payments required by an earlier settlement; staff said the developer claims permitting delays and expects a building permit soon, and that a default notice would be premature while the developer diligently pursues permit issuance.
City attorneys and staff updated the committee on the Ocean Terrace (ocean terrace) project timeline and a settlement agreement governing park and public-benefit obligations tied to that development.
Staff said the developer submitted construction drawings, obtained Historic Preservation Board approvals for the park and the project, and submitted the payments required under the settlement agreement. The…
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