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Commission approves development agreement for Creekside Corporate Park Lot 3
Summary
The commission approved a development agreement in substantially final form for Lot 3 in Creekside Corporate Park and authorized the commission president to sign the agreement. The project is expected to be a two-story multi-tenant building developed by Jaffe Realty.
The Zionsville Redevelopment Commission voted to approve the development agreement for Lot 3 in Creekside Corporate Park in substantially final form and to authorize the commission president to sign the agreement.
Justin (Deputy Mayor, Town of Zionsville) summarized the proposal as a two-story, multi-tenant building to be located toward the cul-de-sac off Creekway. Staff indicated the development team is the same team working on other local projects and that the documents are ‘‘substantially complete’’ pending minor edits. Commissioners moved to approve the agreement in substantially final form and to assign signature authority to the commission president.
Motion and vote: The motion to approve the development agreement for Lot 3, with signature authority for the president, was moved and seconded and carried on a voice vote; those present responded “aye.”
Clarifying details: Staff noted the agreement is essentially complete (‘‘99%’’) and that the substantially final approval allows staff to finish technical edits and obtain the president’s signature without waiting for an additional meeting.
Ending: Staff will finalize the form, obtain the president’s signature and proceed with next steps identified in the agreement.
