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Council unanimously approves fee and service agreement with RN3 Ventures for SH 29 site
Summary
The council approved a fee and service agreement with RN3 Ventures LLC for a site at 14601 SH 29, authorizing the city manager to execute the agreement; the project was described as phased retail frontage with future multifamily contingent on water availability.
Brandon Pritchett, the city's deputy manager (identified in the meeting as Brandon Pritchett), presented a fee and service agreement with RN3 Ventures LLC for a project at 14601 SH 29 and described it as a legacy project staff had worked to close out. He told council the property is in a planned unit development that anticipates retail frontage along Highway 29 and potential multifamily development at the rear of the site, and said water availability and phased development were central to the agreement.
A developer representative (unnamed in the transcript) described the preliminary plat and retail plan, listed potential tenants and estimated gross sales and employment benefits, and said a utility evaluation had been submitted to the city. The deputy manager characterized the agreement as a compromise to enable limited commercial development now while preserving a path for future development when additional water capacity becomes available.
A council member moved to approve the fee and service agreement with RN3 Ventures "as presented" and authorize the city manager to execute the agreement. The motion was seconded and the council approved the measure unanimously.
With that vote and no executive session requested, the mayor closed the meeting at 6:25 p.m.
