Bill Type and Number: Ordinance 2007-470

 

Sponsor: LUZ Committee

 

Date of Introduction: April 24, 2007

 

Committee(s) of Reference: LUZ

 

Date of Analysis: April 27, 2007

 

Type of Action: Amendment to development agreement

 

Bill Summary: The bill amends the development agreement between the City and International General Developments, Inc. to extend the concurrency reservation for a commercial development parcel at 2255 Dunn Avenue for an additional 4 years from January 2007 to January 2011.  The reservation provides trip capacity for construction on 3 outparcels of a larger development, each 0.33 acres, for a total of 1 remaining developable acre.

 

Background Information: The developer has already constructed 8,000 sq. ft. of medical/dental offices and 37,550 sq. ft. of commercial space on the site.

 

Policy Impact Area: Extension of concurrency reservation

 

Fiscal Impact: Undetermined

 

Analyst: Clements