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Council approves first reading for Home2 Suites waterline development agreement
Summary
Council gave first reading to a development agreement allowing Sycamore Investment Group LLC to extend a 12-inch water line to support a Home2 Suites hotel on Oak Grove Road; the project cost for the waterline estimated at $158,668 with developer reimbursement capped at $104,720.88 and developer liable for overruns.
At first reading, city staff presented an ordinance authorizing a development agreement with Sycamore Investment Group LLC to extend water service for a proposed Home2 Suites hotel on Oak Grove Road and Tribute Parkway. The project would install a 12-inch water line from an existing hydrant near Ginger Lane to…
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