HomeMy Public PortalAboutAB 19-211 Thompson Place Local Housing AgreementMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 19-211
Meeting Date September 26, 2019
AGENDA ITEM INFORMATION
SUBJECT:
Request for Approval of the Thompson Place Addendum to Development Agreement for Local Housing Deed and Lease Restrictions
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
/
Clerk
Treasurer
Community Development
Originator
Police Department
Public Works
Golf Course
COST IMPACT:
Parks and Recreation
FUNDING SOURCE:
Airport
Library
TIMELINE:
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
At its March 28, 2019 regularly scheduled meeting, the McCall City Council approved the Findings of Fact, Conclusions of Law, and Decision documents for PUD-18-03, SUB-18-06, ZON-18-03,
the Appeal of DR-18-52, and the City and Owner entered into a Development Agreement for Thompson Place recorded on July 30, 2019. JarMar INVESTMENTS LLC has acquired the property. The
proposed development includes 16 condominium units to consist of four fourplexes, 12 deed restricted units for local housing, within the Jake’s Landing Subdivision. The Owner agreed
to allocate the first twelve (12) units of the Thompson Place development to be constructed for Local Housing pursuant to the City of McCall Local Housing Incentive Program. In exchange,
the City will provide incentives to be allocated to Owner/LLC that total the sum of $120,000 toward the cost to complete such improvements. The criteria for the deed restrictions is
outlined in the addendum.
The Addendum was drafted by the City Attorney and the Owner/LLC has approved the Addendum. The original Development Agreement is also attached as a reference.
RECOMMENDED ACTION:
Approve the Addendum to the Development Agreement for Thompson Place, and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION