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Council approves acquisition agreement to complete Colorado Sand Drive connection; escrow and eminent-domain mechanism included
Summary
The council approved an acquisition agreement with NP Lakeside 130 LLC that requires the developer to escrow $2 million and moves forward steps to secure right-of-way for Colorado Sand Drive, a key connection shown in the PUD.
The City Council voted Oct. 14 to approve an acquisition and improvement agreement with NP Lakeside 130 LLC intended to secure right-of-way and allow completion of the Colorado Sand Drive connection tied to a previously approved planned unit development.
City staff and council members described a multi-year, layered history among several developers and property owners that left the final parcel for the road connection in private ownership. Northpointe — the developer now leading the effort — will escrow $2 million within 10 days of council approval to begin…
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