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Council approves amendment to Tract 350 land-sale agreement with Toll Brothers
Summary
Council approved an amendment to the land-sale agreement for Tract 350 (about 44.98 acres) with Toll South LV LLC (Toll Brothers) to add easements and licensing for development staging; staff said purchase price and developer obligations do not change.
Council unanimously approved Bill 20‑74, an amendment to the city’s land-sale agreement with Toll South LV LLC (Toll Brothers) for Tract 350, a property of approximately 44.98 acres north and east of Boulder Creek Golf Course.
City staff explained that Toll Brothers proposed a three‑phase single‑family residential development of 122 lots and, during due diligence, requested various utility, access, drainage easements and a license for grading and staging. The amendment provides form easements and a license to accommodate those needs but does not change the purchase price or Toll’s obligations under the previously approved agreement.
Council moved and seconded the bill and voted unanimously to approve the amendment.
What happens next: staff will execute the negotiated easement and license forms that modify rights-of-way and ensure utility access and construction staging consistent with the negotiated development plan.
