Agendas and Minutes
Meeting Officials
Print
Reading Mode
Back to Calendar
Return
F.
Topics of Discussion  
Council Work Session
 
Meeting Date:
11/07/2022
Horizon Line - Development Agreement - Executive Boulevard/State Route 201
Submitted By:
Bryan Chodkowski
Department:
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
11/07/2022
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
Agenda Item Description or Legislation Title
Horizon Line - Development Agreement - Executive Boulevard/State Route 201
Purpose and Background
The City and Horizon Line Development, LLC (the “Developer”) previously entered into a development agreement via Resolution No. 2021-R-7010, and the previous development agreement expired on July 29, 2022. The City and the Developer have negotiated terms and wish to enter into a new and separate development agreement (the “Agreement”). The Agreement provides for the development of +/-42 acres of real property owned by the City located at the northwest intersection of Executive Boulevard and State Route 201 (Brandt Pike). The Developer proposes to construct, or cause to be constructed, +/- 532 units of market-rate multi-family housing as well as develop +/- 12.5 acres for commercial/retail uses. It is estimated that the City will gross $14.1M in revenues over 30 years from this project.
Fiscal Impact
Source of Funds:
N/A
Cost:
N/A
Recurring Cost? (Yes/No):
N/A
Funds Available in Current Budget? (Yes/No):
N/A
Financial Implications:
Attachments
Resolution
Exhibit A
AgendaQuick ©2005 - 2024 Destiny Software Inc.
All Rights Reserved.