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Developer offers $2 million participation for Kidron Road improvements tied to Reagan Ridge subdivision
Summary
Suncrest (Reagan Ridge) proposed a $2 million participation agreement to fund future intersection improvements at Kidron Road and Port Royal, and agreed to construct turn lanes; the board discussed terms and staff review but no vote was taken.
Representatives for developer Suncrest presented a proposed participation agreement to the board June 16 that would provide $2 million to the city to be used for intersection improvements at Kidron Road and Port Royal when the city decides to proceed.
John Cooper of Holland & Knight, representing Suncrest, said the funds would be contributed at the time of the developer’s first building permit rather than first occupancy,…
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