Committee approves developer agreement to transfer former ice rink site to GCDC
The committee recommended a developer agreement to transfer city‑owned former ice rink land to the Greater Community Development Corporation (GCDC) for the home construction cooperative program; the parcel would be sold for $1 with a $1 buyback clause and a stipulation to build two or more dwelling units.
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Administrator Rindy presented a proposed developer agreement under which the Greater Community Development Corporation (GCDC) would acquire the city‑owned former ice rink parcel for $1 to support a home construction cooperative. The agreement mirrors a previous arrangement for the Farmers Market property: GCDC would purchase the site for $1, and the city would retain the option to repurchase the parcel for $1 if the program terminates or the developer is unable to build.
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