City amends Kemper Barracks redevelopment agreement

FACILITIES

Option term through December 31, 2027 with two one-year extensions; construction deadline by the later of December 31, 2029 or 24 months after Closing Date

2029-12-31

Original Development Agreement dated August 21, 2023 previously amended by a First Amendment executed February/March 2026; Resolution R2026-15 ratifies that first amendment and adds further changes including an extended option term, a later construction deadline, broader multifamily occupancy, and pre-consent to assignment to a tax-credit ownership entity.

Agenda