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Council authorizes letter of intent to donate city land for MODA Prop 123 affordable housing project
Summary
Montrose authorized the city manager to send a letter of intent to donate city land in support of MODA and Kennebec Real Estate LLC's Prop 123 land‑banking low‑income housing project; Moda said the award is $725,000 and the LOI meets the state deadline, with an ordinance to follow for formal property disposition.
Montrose City Council authorized City Manager Bill Bell to send a letter of intent to donate city‑owned land in support of a Mexican American Development Association (MODA) Prop 123 land‑banking project at the former Kennebec meat processing site.
Bell and Bethany Maher, executive director of Moda, told council the site combines a city parcel (formerly a green‑waste site) with adjacent privately owned land to create a development‑sized parcel appropriate for affordable housing. Maher said the project secured a $725,000 Proposition 123 award for land banking. Bell explained the LOI must be submitted by a near‑term state deadline (May 26) and that final disposal of city property requires an ordinance (two readings): the LOI would go to the state now and the city would follow with an ordinance on first and second reading to complete the donation.
Council approved the motion to authorize the city manager to send the LOI. Staff said the project would be required to be shovel‑ready within five years under Prop 123 rules and that additional agreements and steps would follow the LOI and ordinance process.
