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Developer asks URA to reimburse street improvements at 166 N. 2nd Street
Summary
The owner of 166 N. 2nd Street proposed keeping a previously budgeted reimbursement amount for street improvements, requested a time extension, and asked the agency to reimburse the sidewalks and utility stub-ins while phasing nonessential items like trees.
The property owner in front of 166 N. 2nd Street asked the board to keep the prior budgeted reimbursement amount for planned street improvements even though current bids were slightly higher.
The applicant (referred to in the meeting as Mr. Nickel) told the board the updated construction numbers were similar to the figures from 2.5 years ago and said, “I'd like to just keep the same budget number in there because we are gonna have some, ACHD, fees.” He also asked for a time extension on the reimbursement agreement and said he would bring a construction schedule and receipt-backed reimbursement requests after talking with his contractor.
Board members discussed the risk that the building might not be constructed for several years; the chair emphasized that approving sidewalk reimbursement should be justified on downtown benefit (not conditioned on construction of the building). The board directed staff and counsel to draft an amendment to the public reimbursement agreement to extend timelines and reflect any needed clarifications on agency reimbursement conditions, utility stub-ins, and standards for reimbursable work.
