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Developers cite hidden concrete and steep geotechnical costs on Lot 12; RDA votes to split option agreement and advance Cowboy Jacks proposal
Summary
Reiki Properties and Cowboy Jacks updated the RDA: borings on Lot 12 hit a deep concrete monolith and poor soils requiring very deep piers or large excavation; members directed staff to draft a split-option agreement so the two developers can proceed separately and approved option agreements for other lots.
Lee Horemza of Reiki Properties updated the RDA on Lots 11 and 12 and said Lot 11 is nearing final plans for 60 units, a certified survey map (CSM) and a July construction start if schedule holds. "We are exactly at 60 units… we are nearing a CSM… expecting to exercise the early access agreement to get on there and start flagging stuff," Lee said.
Lee then described geotechnical borings on Lot 12 that repeatedly hit a large buried concrete slab and contaminants. He…
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