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Officials present revised D.R. Horton agreement; closing and price schedule amended
Summary
County staff said they received corporate signature on the D.R. Horton development agreement; changes include grading language, an adjusted closing/drawdown and earnest-money schedule, and an expanded retail-price adjustment clause to account for building-cost increases.
Commissioners were given an update on the returning D.R. Horton agreement. The chair said staff received corporate signature and distributed a redlined exhibit showing the main changes; he described the adjustments as "relatively minor in the grand scheme of things."
Officials called out three areas of change: grading and slope language, a revised closing/drawdown and earnest-money schedule in exhibit Z, and an expanded retail purchase price schedule that would allow price adjustments tied to broader building-cost increases rather than a strict materials-only formula. Staff said the item will be advertised and could return for action at the July 23 meeting, subject to final corporate sign-off.
