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Council approves amendment to development agreement with Cobalt Loomis LLC to secure turf parking lot
Summary
At a June 5 special meeting the Greenfield Common Council approved the first amendment to its amended and restated development agreement with Cobalt Loomis LLC, extending a note guarantee and clearing easements so the city can take ownership of a parking lot north of the turf and address billboard and utility easements.
The Greenfield Common Council on June 5 approved the first amendment to the amended and restated development agreement between the city and Cobalt Loomis LLC, extending a guarantee on a note for two years and clearing easements so the city can receive a parking lot north of the turf.
Council members said the amendment also cleans up a series of easements tied to utility lines and a billboard on the site and was important to complete before the weekend. The presiding officer…
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