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Council extends vested property rights tied to Canyons amendments
Summary
Council adopted Ordinance 25‑03 extending the remaining term of vested development rights associated with the Canyons PD amendments through the remainder of the PD's original 40‑year vesting term (about 24 years, 11 months remaining).
The council adopted Ordinance 25‑03 on second reading to extend vested property rights associated with the Canyons PD 5th amendment and the related annexation agreement amendment.
City attorney Linda Chow said the original annexation agreement (2009) granted vested rights for a 40‑year term and the ordinance applies the remainder of that term (approximately 24 years, 11 months) to the newly approved amendments so the PD continues to be developed under the original vesting schedule. She told council the ordinance does not grant a new 40‑year clock; it simply covers the recently approved amendments through the remainder of the original term.
Council members had no substantive objections and voted to adopt the ordinance on second reading.
