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Council reauthorizes town manager to negotiate Sagewood West affordable housing agreement
Summary
The council approved Resolution 2024-06 (revised) to reauthorize the town manager, Lisa Perry, to negotiate and execute documents for the Sagewood West affordable housing project and pursue capital investment fee arrangements intended to support construction on six lots.
Council debated a revision to Resolution 2024-06 and voted to reauthorize the town manager, Lisa Perry, as the authorized agent to negotiate and execute documents for the Sagewood West affordable housing project. The manager said the amendment is intended to finalize capital investment fee arrangements with the agreement recipient to enable construction "on six other lots."
Councilmembers discussed the timing and noted the authorization is intended to close existing transactions before a forthcoming change in town management. The motion to approve the revised resolution passed on voice vote. The manager said any further negotiations beyond the current scope would require an additional resolution.
