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Council approves updated Latecomers Agreement; Mayor authorized to finalize signatures
Summary
After an attorney review, the Notus City Council approved edits to the Latecomers Agreement — extending the payment timeline to 30 days, removing a page-1 definition, and clarifying owner reimbursement up to 100% — and authorized the Mayor to obtain developer signatures.
The City Attorney reviewed an updated Latecomers Agreement and the council approved the agreement with two attorney-recommended changes. The council voted to change the payment timeline from 21 days to 30 days, remove the definition of "E" on page 1, and revise section D to specify owners' proportionate share and that owners are entitled to be reimbursed up to 100% of improvement costs. "Ahlborn motioned to approve the late commers agreement with the 2 changes outlined by the Attorney," the minutes state.
The Mayor was authorized to obtain final signatures from the developer after the agreement is updated. The minutes do not include the full contract text or the developer's name; follow-up implementation was recorded as the Mayor obtaining final signatures.
