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Summit County Council hears Dakota Pacifics revised development-agreement proposal: 600 units, PPP land trade and UDOT coordination

Summit County Council · April 4, 2024
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

Summit County Council received a detailed proposal from Dakota Pacific that calls for 600 residential units split 50/50 between affordable/workforce and market-rate, expansion of commercial square footage, a proposed public-private partnership involving a land trade and new transit/parking infrastructure, and phasing tied to UDOT SR-224 project milestones. Council members asked for more time to assess economic feasibility before a public hearing.

A developer representative on Thursday presented Summit County Council with a revised plan to alter a development agreement for the Kimmell Junction area that would authorize 600 residential units, expanded commercial space and a public-private partnership to fund transit and parking improvements.

Chris Robinson, the presenter identified in the meeting as the representative for DPRE, told council members the residential program would be split roughly half affordable/workforce (300 units) and half market-rate (300 units). He said the affordable component would include 65 units at 44 percent of area median income (AMI) intended for 9 percent tax-credit financing, 60 units at 60 percent AMI and an additional 75 units described as "attainable" at an AMI level the presenter did not specify.

Robinson said existing commercial space near the Skullcandy and Visitor Center buildings totals about 75,000 square feet and that the revised plan contemplates roughly 300,000 square feet of additional commercial development. He described a long list of permitted commercial uses that would allow technology, research, health and senior care, higher education, finance, energy and performing-arts uses while excluding general office.

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