Title
Approving a License Agreement with Griffin Swinerton, LLC for the development of Downtown East, and authorizing the City Manager to execute the same.
Summary
The License Agreement grants access to the Downtown East project area to Griffin Swinerton, LLC to design, develop, construct and install certain portions of the project infrastructure. The License Agreement is a companion to a Ground Lease that will allow Griffin Swinnerton, LLC to complete the construction of the infrastructure necessary to support the Downtown East project. The License Agreement is for a shorter period of time than the Ground Lease and will be terminated as areas within the project are no longer needed for construction. An ordinance for the Ground Lease will be considered for Council approval later in November.
Downtown East History
The Downtown East project is located on +/-29 acres located at the northwest corner of Pecan Street and FM 685. Discussions for Downtown East have included aspirations to leverage the central Pflugerville location to become a mixed-use development with connections to Main Street and the City's hike and bike trail network anchored by the proposed new multi-generational recreation center and new city hall.
An Exclusive Negotiating Agreement (ENA) was approved on March 28th, which established the expectations of the development partnership and performance of preliminary development activities necessary to achieve the goals outlined by City Council for the Downtown East project. The ENA outlined the general roles, as well as the responsibilities, terms and obligations of both the City and the City's development partners Griffin Swinerton and Catellus. The ENA recognized the need for additional agreements, referred to as Preliminary Development and Definitive Agreements, that come as the development progresses.
On November 28, 2023, Council approved a Preliminary Development Agreement (PDA) for the project. The PDA process for the project is defin...
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