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Council approves Colt Springs amendment tying deed restrictions to city infrastructure support
Summary
Council authorized an amendment to the Colt Springs purchase agreement requiring deed restrictions on half the lots, allowing up to $600,000 in city infrastructure support and extending the developer's option timeline; the motion passed unanimously.
Page City Council on Oct. 23 unanimously approved the Fifth Amendment to the Colt Springs purchase agreement, adding deed restrictions and adjusting developer timelines to encourage long-term housing.
Staff described the amendment: the developer agreed to place deed restrictions on 20 of 40 lots, requiring the properties to be either long-term rentals or owner-occupied. In exchange, the city may provide infrastructure (roads and related improvements) valued at up to $600,000. The developer asked to extend the option period for phase two from 24 months to 36 months to allow more time to achieve 50% buildout of phase one before exercising the option on subsequent phases.
City staff said they revised the long-term rental threshold to 30 days or longer to account for Page’s seasonal workforce; under that definition short-term rentals remain those under 30 days. Council discussed balancing the need to jump-start housing while accounting for the seasonal workforce and voted to approve the amendment and to authorize the mayor to sign. The motion carried by unanimous voice vote of members present.
Councilmembers said the deed restrictions and infrastructure support aim to encourage longer-term occupancy rather than short-term vacation rentals and to make development more feasible for builders in Page.
