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Council amends development agreement timeline for $2 million escrow to '10 years after receipt'
Dayton City Council · August 13, 2025
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Summary
Council members revised a development agreement provision so the city must spend $2 million of developer escrow within 10 years after receiving the funds, not by a fixed 01/01/2035 deadline; the change passed unanimously on the consent agenda.
The Dayton City Council amended a development agreement to change when the city must expend $2,000,000 in developer escrow for road improvements.
A councilmember (S2) warned that the contract as written requires expenditure by Jan. 1, 2035, and that if the developer did not deliver an anticipated later-phase payment for five years the…
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