Description
The developer got approval to amend the Phase 2 stockpiling agreement into a grading and stockpile agreement with an extra $52,030 guarantee, plus a $830,132.60 reduction of the Phase 1 letter of credit since water and sewer are installed.
Impact summary
The guarantee protects the city and taxpayers if the developer does not complete required public improvements.
At a glance
- Hearings
- 2
- Public comments
- 0
- Total mentions
- 2
Last vote · Common Council
Last discussed May 4, 2026.
Meeting timeline (2)
Common Council Meeting - First Monday - May 4, 2026
The developer got approval to amend the Phase 2 stockpiling agreement into a grading and stockpile agreement with an extra $52,030 guarantee, plus a $830,132.60 reduction of the Phase 1 letter of credit since water and sewer are installed.
Common Council Meeting - Third Monday - Feb 16, 2026
The council was to consider an additional financial guarantee for the Cedar Gables development and possibly replacing its letter of credit with a bond.
Related issues (2)
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