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Council approves amendment to Johnston Golf Development agreement with milestone dates for financing and construction

2172271 · January 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The council approved Amendment No. 6 to the development agreement with Johnston Golf Development LLC, adding deadlines for a financing term sheet and construction milestones; staff said the dates may be adjusted as financing is finalized.

The Johnston City Council approved Amendment No. 6 to the purchase, sale and development agreement with Johnston Golf Development LLC, adding financing and construction milestones staff said are intended to keep the project moving while the developer secures private funding.

Under the amendment, the developer must provide the city documentation of a fully executed Bridal Lending term sheet by Feb. 19, 2025; commence minimum improvements by June 17, 2025; and complete those minimum improvements by Dec. 31, 2025. Josh, a city…

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