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Prescott council approves Woda Cooper 82‑unit affordable project with five amendments, votes 7‑0
Summary
Council unanimously approved a development agreement with Woda Cooper Development Inc. for an 82‑unit Lakeview Grove affordable housing project, requiring five changes including specifying unit counts by AMI, amending a 2004 development agreement area, clarifying median‑income updates and extending affordability to 60 years.
Prescott City Council voted unanimously March 24 to approve a development agreement with Woda Cooper Development Inc. for an 82‑unit affordable housing development and to authorize the city manager to execute related documents after incorporating five amendments requested by the city attorney.
Chelsea Walton, community development director, introduced the item and said staff had reviewed and edited drafts of the city commitment letter, fee waiver letters and the development agreement to reflect staff changes and make them available for council review. She told council the water service application had been approved on March 10 and that a replat combining four parcels would be required before building permits could be issued.
Developer representative Omer Sarig presented the Lakeview Grove proposal and…
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