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Commission approves transfer of Silverback Landing phase 1 development agreement pending sale
Summary
The commission voted to approve assignment of the Phase 1 Rural Housing Incentive District (RHID) development agreement from P and L Development LLC to Silverback Landing LLC, contingent on a planned closing. Residents asked for clarification about lot ownership, nonprofit status and which properties are included.
The Pittsburg City Commission on Sept. 23 approved an assignment of the Phase 1 development agreement for the Silverback Landing project, transferring the Rural Housing Incentive District (RHID) contract from P and L Development LLC to Silverback Landing LLC contingent on the sale closing.
City staff told commissioners the RHID agreement was established on Sept. 25, 2018, and that the assignment before the commission would substitute the new owner in the agreement without changing the underlying terms. Kim (city staff) said, “All we're asking for tonight is just…
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