Title
Approving the Fifth Amendment to the Development Agreement Regarding Bohls North and PCDC Tracts (also known as Sorento) and authorizing the City Manager to execute the amendment.
Summary
The original Development Agreement regarding the Bohls North and PCDC Tracts was approved in 2005, with subsequent amendments in 2006, 2008, 2013, and 2014. The proposed amendment provides an amendment to the approved Land Plan and includes additional acreage from a 10-acre tract of land on the north side of the development, purchased by the developer, Sorento Holdings, LLC, from Dale Randig in 2013.
Status
Applications have been filed for a Revised Preliminary Plan to reflect the proposed Land Plan within the development agreement amendment.
Legal has reviewed and approved the agreement as to form.
Prior City Council Action
Original Development Agreement - 2005
Amendment 1 - 2006
Amendment 2 - 2008
Amendment 3 - 2013
Amendment 4 - 2014
Deadline for City Council Action
There is no deadline for City Council action.
Staff Recommendation
Staff recommends approval of this amendment as requested.
Drafter
Emily Barron, AICP
Planning Director