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Developer revises Kimbell Junction deal; council and developer differ on phasing, costs and affordable housing terms
Summary
Dakota Pacific presented a counterproposal for Kimbell Junction: the developer offered a 1:1 market to affordable ratio (350 market/350 affordable) with detailed phasing tied to SR‑224/STIP milestones and sought cost‑sharing caps for public plaza, bridge betterments and related infrastructure. Council said some terms were "untenable" and negotiations will continue.
Representatives for Dakota Pacific and Summit County staff returned to the council on Dec. 4 to review a red‑lined amended development agreement for the Kimbell Junction project and to discuss a public‑private partnership (P3) for a plaza and associated infrastructure.
Chris (developer representative) said the developer proposes 350 market units and 350 affordable units overall, with 100 of those at a narrower set of targeted AMI tiers and the remainder using 9% and 4% tax‑credit models. The…
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