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Council approves amended Keckter/Main/Harmony reimbursement agreement including $1.5M developer contribution
Summary
Council approved an amended and restated reimbursement agreement that adds Harmony Road and Whitesell Street interim and ultimate improvements; staff said the developer will provide about $1.5 million toward an ultimate improvement expected in December 2035, and the town will budget its contribution in the CIP.
The council approved an amended and restated road improvement and reimbursement agreement covering Keckter Road, Main Street and associated bridge and signal work. Public works staff said the amended agreement retains the framework of the original 2024 agreement but adds interim and ultimate Harmony Road and Whitesell Street improvements identified in a traffic-impact study. The interim work will be completed by the developer with town reimbursement; an ultimate developer contribution of about $1,500,000 is anticipated in December 2035 when the traffic impact occurs. Staff said the town will budget its anticipated contribution in upcoming CIP cycles.
Council discussed which projects are developer-led and which are town responsibilities, clarified timing for interim work (before the next school year) and noted some projects may have up to a 10‑year commencement window from 2024 for town-initiated items. One council member abstained from the vote; the motion carried.
Why it matters: The change documents new project scopes and developer cost‑shares that will affect long-term traffic and infrastructure timelines for the Ladera area.
Next steps: Staff will include the town’s anticipated reimbursement contributions in the CIP and proceed under the amended agreement as the developer completes interim improvements.
