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City Council Meeting Agenda
Carriage Trails - Tenth Amendment - DEC Amended and Restated Development Agreement
Council Committee Review?:
Date(s) of Committee Review:
Agenda Item Description or Legislation Title
An Ordinance Approving The Execution Of A Tenth Amendment To The Amended And Restated Development Agreement With DEC Land Co. I LLC, And Declaring An Emergency.
Purpose and Background
DEC has requested that the City provide additional TIF revenue for infrastructure improvements at the Carriage Trails project. This amendment to the DEC development agreement will provide less than 50% of the cost of the infrastructure needed to provide an additional 20 lots and open up an additional subdivision.
Source of Funds:
Recurring Cost? (Yes/No):
Funds Available in Current Budget? (Yes/No):
Bonds and/or notes will be issued and appropriations increased to fund the additional cost of public infrastructure, if approved.
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