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City reviews second amended Green Valley Ranch East funding agreement; allows administrative release of completed segments
Summary
City staff presented a second amended and restated public improvement funding agreement for Green Valley Ranch East that removes completed segments and adds an administrative mechanism to release completed work; the city confirmed it will not contribute financially to the improvements and will retain oversight authority.
Haley Johansen, presenting with assistant city attorney Brian Rula, told the Finance Committee the city is proposing a second amended and restated Public Improvement Funding Agreement (PIFA) for Green Valley Ranch East, a phased residential development in northern Aurora.
Johansen said the agreement ties required public improvements—roadways, sidewalks, lighting and utilities—to the specific development segments that are being constructed, and that the…
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