HomeMy Public PortalAboutAB 14-213 Timbercrest Downtown Development Agreement
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 14-213
Meeting Date November 20, 2014
AGENDA ITEM INFORMATION
SUBJECT:
Timbercrest Downtown Development Agreement – 1000 2nd Street
A public hearing.
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Originator
Police Department
Public Works
/
Supporter
Golf Course
COST IMPACT:
Parks and Recreation
FUNDING SOURCE:
Airport
Library
TIMELINE:
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The proposed development agreement for Timbercrest Downtown at 1000 2nd Street offers the public benefit of sidewalks re-constructed in keeping with the conceptual street sections within
the Downtown Master Plan in exchange for alleviation from heating the decks of the structured parking area as originally required as a condition of approval of SUB-04-18. The sidewalk
and streetscape improvements will be wider than the current sidewalks constructed that have not been accepted by the City, because the sidewalk was not constructed to ADA standards.
The applicant has proposed an alternative to the traditional financial assurances (for 125% of the estimated cost of the street section construction) in the following ways: (1) First
Deed of Trust in favor of the City on the residential units within the property; (2) Or within one (1) year following the execution of the amended development agreement or the closing
sale of the first of the residential units, the financial assurances will be held in Escrow. In the event the City has not begun construction of the street section by June 1, 2024,
the property owner will be relieved of his responsibility to construct the street section as described in the development agreement.
At its September 9, 2014 meeting, the McCall Area Planning and Zoning Commission held a properly notice public hearing and unanimously recommended the proposed development agreement
to City Council for approval.
RECOMMENDED ACTION:
Approve the Timbercrest Downtown Development Agreement and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION