4.9.
CC Regular Session
- Meeting Date:
- 01/09/2018
- Submitted For:
- Patrick Brama
- By:
- Patrick Brama, Administrative Services
Information
Title
Approve Greenway Terrace Right of Entry Agreement
Purpose/Background:
↵PURPOSE
Approve the attached right-of-entry agreement.
During construction of the proposed apartment complex, located on Lot 1 Block 1 Greenway Terrace, Aeon's general contractor will need access to the adjoining city-owned property for temporary construction staging and access (Outlot A, Greenway Terrace). This temporary agreement will allow for orderly and efficient construction of the proposed project. This is a common request for construction projects. Staff considers this an administrative request--and has reviewed this agreement with the City Attorney.
BACKGROUND
On November 29, 2017, the city closed on the sale of a roughly 88,000 sf parcel of city-owned land to Aeon. The City began working on this project in March of 2016 (site selection) and entered into a purchase agreement in May of 2016. This project is located in The COR, just north of The Draw, and includes a 54-unit workforce apartment complex. The City sold its property for $183,000. This project is anticipated for completion by the end of 2018.
Staff would note, Aeon has a separate second PA in place with the City, for a 59,000 sf property located directly adjacent to, and contiguous with, the 54-unit apartment project mentioned above. Aeon is hopeful to begin working on this second site soon. Closing on the second site is planned for fall of 2018. The proposed right-of-entry agreement would be located on the "phase II" parcel.
Approve the attached right-of-entry agreement.
During construction of the proposed apartment complex, located on Lot 1 Block 1 Greenway Terrace, Aeon's general contractor will need access to the adjoining city-owned property for temporary construction staging and access (Outlot A, Greenway Terrace). This temporary agreement will allow for orderly and efficient construction of the proposed project. This is a common request for construction projects. Staff considers this an administrative request--and has reviewed this agreement with the City Attorney.
BACKGROUND
On November 29, 2017, the city closed on the sale of a roughly 88,000 sf parcel of city-owned land to Aeon. The City began working on this project in March of 2016 (site selection) and entered into a purchase agreement in May of 2016. This project is located in The COR, just north of The Draw, and includes a 54-unit workforce apartment complex. The City sold its property for $183,000. This project is anticipated for completion by the end of 2018.
Staff would note, Aeon has a separate second PA in place with the City, for a 59,000 sf property located directly adjacent to, and contiguous with, the 54-unit apartment project mentioned above. Aeon is hopeful to begin working on this second site soon. Closing on the second site is planned for fall of 2018. The proposed right-of-entry agreement would be located on the "phase II" parcel.
Notification:
NA
Observations/Alternatives:
NA
Funding Source:
NA
Recommendation:
NA
Action:
Motion to approve:
The attached right-of-entry agreement, for the Greenway Terrace Apartment Complex construction project.
The attached right-of-entry agreement, for the Greenway Terrace Apartment Complex construction project.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 01/04/2018 03:37 PM |
- Form Started By:
- Patrick Brama
- Started On:
- 12/21/2017 12:28 PM
- Final Approval Date:
- 01/04/2018