Council grants Homestead Group a second extension to record conservation easement

The Midway City Council on April 12 approved Resolution 2026-07, granting the Homestead Group LLC a second extension to record a conservation easement covering 16.5 acres on open-space parcels west of Homestead Drive. The extension sets a new deadline of Oct. 1, 2026.

City planner Michael told the council the easement requirement stems from a prior master-plan amendment and that Summit Land Conservancy will hold the easement. Counsel for the Homestead said existing loans on the property must be subordinated to the easement and that lenders are moving slowly. The applicant asked for more time to finish construction on parts of the main resort so lenders would be more willing to subordinate their mortgages.

Council members pressed staff on whether the city should limit future extensions. Michael said the city has discretion and no fixed legal limit on granting extensions, though he expressed confidence the project should be able to record by the new October date. After a brief discussion, a councilmember moved to approve the resolution and a second was made; recorded roll-call votes were all in favor.

The council did not attach additional conditions to the extension. The approval preserves the conservation requirement while allowing the developer additional time to satisfy lender requirements. The council moved on to other agenda items.