Alington Development Agreement Approved for Ironwood

$495,325 reimbursement obligation to the Grantsville City Redevelopment Agency, including a 7% annual escalation rate; minimum payment of $2,021.73 per residential building permit

OTHER

Effective on the effective date of the enacting ordinance; continues until project abandonment, discontinuation of active development for more than two years, or unresolved developer default; construction improvements generally due within two years after plat recording for each phase

The agreement remains in effect through project completion unless the project is abandoned, inactive for more than two years, or terminated following unresolved default. Amendments must be in writing and signed by the parties.

AgendaPacket