City Approves Laurel Crown Development Agreement
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Description
Cornelius approved a non-statutory Development Agreement with Holt Holdings OR, LLC for the 230-lot Laurel Crown subdivision, defining responsibilities for key road improvements and SDC/TDT credits. The City will build Southwest 345th Avenue while the developer constructs South 29th Boulevard and South Dogwood Street, including a mini-roundabout.
Contract Details
Vendor
HOLT HOLDINGS OR LLC
Agency
City of Cornelius, OR
Contract Type
FACILITIES
Document Date
May 4, 2026
Renewal Info
Agreement remains in effect until fully implemented; terminates if required land use approvals are not obtained or the project is not built. Obligations tied to future phases and completion of specified transportation improvements.
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