City Council
259 N. Wilma Avenue
Ripon, CA 95366
MEMO
To: Honorable City Council
From: Ken Zuidervaart, Planning Director
Date: 09/12/2023
Subject: Meadowood Development Agreement Extension Request RECOMMENDED ACTION:
Approve a one-year extension of the Meadowood Development Agreement expiration date.
BACKGROUND:
At the December 2022 City Council meeting, the City Council approved a Development Agreement amendment for the Meadowood Residential development project. Essentially, the amendment allowed additional time for owners/developers to commence construction on their projects. The approved amendment allowed owners/developers an initial five (5) years to start construction of their project instead of three (3), with an option to apply for 1-year extensions for the remainder of their development agreement term, upon approval by the City Council.
The Meadowood Development Agreement in now approaching the initial five (5) year performance clause as stipulated in their amended Development Agreement. Therefore, the owners/developers are asking for a 1-year extension as allowed for in the amended Development Agreement. The City Council may grant or deny such extension in their sole discretion.
DISCUSSION/ANALYSIS:
The owners/developers have been working diligently on marketing the project to potential home builders, and feel they are making headway. Staff has reviewed their request, and believes the original and amended Development Agreement is still in the best interest of the City for development in that area. Therefore staff is recommending approval of their extension request.
FISCAL IMPACT:
There is no fiscal impact identified to the City in granting this requested extension.
Attachments:
1. 1- Year Time Extension Request