Regular 2.c.
Regular City Council Meeting
- Meeting Date:
- 04/27/2020
- TITLE
- Development Agreement with Doolen Property Trust at 2510 Meadowcreek Drive
- PRESENTED BY:
- Debi Meling
- Department:
- Public Works
Presentation:
Yes
PROBLEM/ISSUE STATEMENT
City Council is being asked to consider annexing Lot 32A, Block 1 of Yellowstone Meadows Subdivision, located at 2510 Meadowcreek Drive. As a condition of annexation approval, the property owner is to enter into a development agreement with the City of Billings, outlining necessary future public improvements. The property owner has submitted the attached Development Agreement for consideration by the Council. The improvements identified in the Development Agreement include necessary future improvements to Meadowcreek Drive and 58th Street West.
ALTERNATIVES ANALYZED
City Council may:
- Approve the development agreement with the property owner; or
- Disapprove the development agreement. If the agreement is not approved, the responsibility for infrastructure improvements will not be clearly identified as the property owner's responsibility.
FINANCIAL IMPACT
There is no financial impact to the City with acceptance of this development agreement. If the agreement is not accepted, the City may become responsible for improvements instead of the developer.
RECOMMENDATION
Staff recommends that the City Council approve the development agreement with Doolen Property Trust.