Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Lakeside Development Edus topic
No spam. Unsubscribe anytime.
Council approves Lakeside irrigation-meter trade to free EDUs for new homes
Summary
The council approved a proposal from Lakeside to disconnect two irrigation meters and trade their EDUs for 11 residential EDUs, with Lakeside covering any interim revenue loss until new connections break even. The vote was unanimous.
Developer representative James Cook proposed that Lakeside disconnect two irrigation meters and trade the EDUs used by those meters for 11 EDUs to support building permits. Cook said Lakeside would pay any revenue deficit between irrigation-meter revenues and the new residential connections until the new connections break even.
Commissioner Newnam moved to approve the proposed irrigation meter trade and Commissioner Michael Sullivan seconded; the council approved the motion unanimously. The action transfers capacity and ties Lakeside's obligation to cover interim revenue differences until parity is reached.
