Title
Downtown Development Phase 2 - Fairmount Properties Proposed Plan
Brief Description: The City Administration would like to follow-up with City Council to discuss the proposed schedule for public input, and the purchase and sale agreement on the Fairmount conceptual plan presented to Council for the Downtown Phase 2 properties.
Body
Legislative History
21-0076 - Downtown Development Phase 2 - update presented by Fairmount Properties; 9/14/2021
Purpose & Explanation
The City Administration will be in attendance to update City Council on the schedule for the public input, the purchase and sale agreement for the Fairmount Properties conceptual plan which was presented to City Council for the Downtown Phase 2 area. See the attach map and information.
Timing Considerations
The Developer’s proposed schedule is to finalize a purchase and sale agreement for the property by mid-November and develop the final plans and approvals with the City’s boards in the winter of 2022.
Fiscal Impact
Currently Budgeted (Account #, $)
Supplemental Appropriation Required (Account #, $)
X Appropriation Not Required.
Recommendation
Suggested Action
The City Administration recommends City Council consider this Development Plan for the Downtown Phase 2 development site and also provide the administration with direction in order to complete a Purchase and Sale Agreement for the City property in November.
Submitted by,
Jane Howington, City Manager
Thomas J. Sheridan, Assistant City Manager - Professional Services