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Council approves 50-year workforce housing agreement for 300 Prominence Point Parkway
Summary
Council approved a 50-year workforce housing agreement for 300 Prominence Point Parkway that preserves 17 units at an AMI band reflected in the redline (60'to'120% AMI per the agreement). Council discussed monitoring and future-owner obligations before passing the motion.
The Canton City Council on Nov. 20 approved a workforce housing agreement tied to conditions on the Prominence Point development at 300 Prominence Point Parkway that obligates 17 units to be held for households meeting specified area median income bands.
Mister Green presented the agreement and said the condition was part of an earlier master-plan amendment and that the buyer asked the council to formalize the agreement as part of a sale. "This is part of the Prominence Point development...one of the conditions was to provide 10% of the units at an affordable rate between 80 and 120% AMI," Green said, noting the agreement memorializes that obligation.
Council members asked whether the text in the redlined contract set the AMI band at 60 to 120% or 80 to 120%, and staff confirmed the redline language controls; council recorded that the intended band is 60 to 120% in the meeting exchange. Members also asked about monitoring compliance over time; staff said the current buyer designated which units and that the city could request documentation from owners, but an audit schedule was not yet specified and would be a future consideration.
A motion to approve the workforce housing agreement was made, seconded and approved by voice vote. The resolution allows the agreement to be executed to facilitate the current sale; staff said the current renter designations meet the condition at present.
Next steps: Staff will provide documentation and follow-up language, and council suggested adding longer-term monitoring (audit) and clear ownership-transfer triggers to ensure future owners uphold the agreement.
