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Council grants amendment to Bombers development agreement, extends financing deadlines
Summary
Council approved Amendment No. 8 to the Johnston Golf/Bombers development agreement, giving the developer additional time to secure financing and extending the construction completion deadline by roughly one year.
Johnston City Council voted to approve Amendment No. 8 to the development agreement with Johnston Golf Development LLC (the “Bombers” project), allowing the developer more time to secure financing and extending the construction completion schedule.
City counsel explained Amendment No. 8 would extend prior deadlines: the developer must provide a fully executed term sheet by Oct. 31, document sufficient equity 60 days later and document financing 60 days after that, and order steel within 90 days of establishing a…
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