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Council approves listing agreement and construction incentive with Miller Homes to market Cullen Street lots
Summary
The council approved a listing agreement and a construction-incentive resolution with Miller Homes to market remaining city lots on Cullen Street and to offer seed-money incentives for custom higher-end homes; staff will correct contract language and confirmed repayment terms for prior seed funds.
Ben presented two related resolutions to the council on behalf of staff: a listing agreement with Miller Real Estate to market city lots along Cullen Street and a construction-incentive agreement with Miller Homes to encourage construction of custom higher-end homes on the west side of Cullen Street (packet pages 22, 37–38).
Ben summarized previous partnerships: earlier seed money of $50,000 per home helped spur initial phases, and Miller’s activity has increased lot sales since 2022. Council members noted one city lot already sold (reducing the 16 city lots referenced to 15 available lots) and asked staff to correct the listing contract to reflect accurate lot counts and the city name on page 27. Council asked for clarity on commission language; staff confirmed the intended listing compensation is 4% for full-service listings and 3% if Miller represents both sides (dual agency) and said they would make sure the document mirrors the council’s bullet points.
Council members also asked about repayment terms for seed money used for higher-end homes. Staff said prior seed funds (for smaller homes) were repaid at closing; for the higher-end arrangement staff said a $100,000 seed for higher-end homes would be paid back at closing under the proposed agreement.
The council approved the listing agreement subject to the changes discussed and then approved the construction-incentive resolution by roll call.
