Bill Type and Number: Ordinance 2007-43

Sponsor: LUZ Committee

Date of Introduction: January 9, 2007

Committee(s) of Reference: LUZ

Date of Analysis: January 12, 2007

Type of Action: Extension of concurrency reservation agreement

Bill Summary: The bill approves an extension of the City’s concurrency reservation agreement with Lawrence J. Wurn for traffic circulation capacity for a development on Harts Road north of Dunn Avenue. The bill extends the concurrency reservation expiration date from October 8, 2006 to October 8, 2009. Wurn agrees to pay a concurrency reservation fee for each additional year until the development is completed.

Background Information: The two parcels in question total approximately 9 acres zoned for commercial use. The original concurrency reservation agreement was entered into in August 2000.

Policy Impact Area: Concurrency reservation

Fiscal Impact: An undetermined concurrency reservation fee will be paid to the City each year to extend the reservation.

Analyst: Clements