SUBJECT: Consent Agenda
Title
A Resolution of the Town Council of the Town of Erie Approving the First Amendment to the Development Agreement for Lot 1, Erie Airpark Replat D
Body
DEPARTMENT: Planning and Development
PRESENTER: Christopher C. LaRue, Principal Planner
POLICY ISSUES:
Staff's analysis indicates the proposed Development Agreement (DA) Amendment is consistent with the Town Charter, Municipal Code, and Council priorities. Approval of this amendment will facilitate the development of employment uses adjacent to the Airport, providing additional jobs and complementary uses to Airport operations.
STAFF RECOMMENDATION:
Recommendation
Approve the First Amendment to Development Agreement for Lot 1, Erie Airpark Replat D.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The 10.34-acre site is located within and platted as part of the larger Erie Airpark subdivision and is located north of both Highway 7 and Airport Drive. The property is legally described as "Lot 1 Erie Air Park Replat D".
Specifically, this DA amendment modifies the original DA in the following ways:
a. Establishes Town reimbursement for Phase I of the project to the developer in an amount not to exceed $2,836,397 for sanitary sewer, water line, and road construction. The amendment would also allow the developer to request this reimbursement in four equal installments. Each request will be accompanied by a certification of work completed and costs incurred from a third-party Town approved licensed Professional Engineer (PE). Any costs that exceed the agreed upon amount are the responsibility of the developer and not the Town.
i. Sanitary Line: The Town will pay to up-size the sanitary line from an 8-inch to 12-inch line. The applicant's project only requires an 8-inch line, but the 12-inch line is needed to serve future development for properties to the east (Sierra Vista and VR Filing 6). Facilitating the up-sizing of infrastructure to accommodate future development in concert with n...
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