CITY COUNCIL AGENDA ITEM NO.
Meeting Date: March 13, 2001
Subject/Title: Time Extension of the Jeffry Development Agreement
Submitted by: Howard Sword, Economic Development Manager
Approved by: Jon Elam, City Manager
RECOMMENDATION: Extend the time requirement in Section 2.8 of the Jeffry Development Agreement to the date certain of August 31, 2001.
Extend the time requirement in Section 2.8 of the Jeffry Development Agreement to the date certain of March 1, 2001.
Kaufman and Broad and the City of Brentwood entered into a Development Agreement dated May 25, 1999 that detailed the provisions of the collection and disposition of $588,000 in PEC Mitigation fees. The Gerald J. Jeffry D.D.S. Inc. Profit Sharing Plan and the Gerald Jeffry Family Limited Partnership (Jeffry) and the City of Brentwood entered into a Development Agreement dated March 14, 2000 that implemented Option D of the Kaufman and Broad / City Development Agreement.
BACKGROUND: Please find attached correspondence from SDG Architects regarding this request. This project has been problematic due the visibility of the site at the southern border of the City. Several preliminary design schemes have been discussed with City Staff and a project re-submittal has been filed with Community Development.