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Pittsburg commission approves assignment of Silverback Landing RHID contingent on sale
Summary
The Pittsburg City Commission approved transferring the Phase 1 Rural Housing Incentive District (RHID) agreement from P and L Development LLC to Silverback Landing LLC, contingent on the sale closing Sept. 26; commissioners pressed staff for clarifications about which houses remain with the seller and how enforcement will be carried out.
The Pittsburg City Commission voted Sept. 23 to approve staffs recommendation to assign the Phase 1 development agreement (the RHID incentive) for the Silverback Landing project from P and L Development LLC to Silverback Landing LLC, conditional on the sale closing on Sept. 26.
Kim, representing city staff, told the commission the vote would simply transfer the RHID instrument to the buyer if the sale closes; "it's just an assignment," she said, adding that if the sale does not go through "the decisions we've made to date will be null and void."
Commissioners and members of the public pressed for details about which parcels and homes are included in the transfer. Christy Bittner asked whether Silverback Landing LLC is a 501(c)(3) and who would receive proceeds if lots are sold. Staff said the new LLCs only member forward is a nonprofit organization called Point Forward, and for practical purposes the RHID will operate under that ownership structure going forward.
On specifics about existing houses, staff said some completed houses and several lots are treated separately from the RHID contract. The commission and staff repeatedly discussed whether four or five houses would remain with the current seller; staffs best information to the commission was that four houses were excluded from the sale but that every house in Phase 1 remains part of the RHID and continues to pay the tax increment into the district regardless of who holds title.
Mayor (unspecified) asked whether any language in the development agreement would change; Kim replied no, "other than instead of saying P and L Development, it's gonna say Silverback Landing LLC." Jay (city staff) explained the city is not a party to the sales contract and does not buy or sell property; the assignment simply moves the RHID incentive to a new developer so the planned build-out can continue.
The commission approved the assignment on a motion moved by Dawn and seconded by Stew. The mayor confirmed the approval is contingent on closing and noted the city will continue to enforce building codes and inspections regardless of ownership.
Looking ahead, staff told the commission that future phases (phase 2 and beyond) would come back separately for RHID consideration and formal approval if the developer seeks additional incentives or changes to lot sizes or plans.
The commission did not amend the existing development agreement language during the meeting and directed residents to pursue additional detail from the new owner or the developer's board if they want answers about construction plans or eligible-cost lists.
