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By a 4-2 vote, the council approved a resolution recognizing that the redevelopment agreement may permit assignment of up to 100% of the redeveloper’s interest to Greystar Development East, L.L.C. or a subsidiary, subject to the agreement’s terms. The council also adopted new fire-prevention and dwelling-inspection requirements and approved an ordinance amendment covering the purchase of an alcotest machine.
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The redevelopment action recognizes that an assignment of the redeveloper’s interest may be allowed under the existing agreement; it does not state that a new project was approved. Residents will also see updated fire-prevention and dwelling-inspection requirements, including certificates of occupancy. The council approved final project payments of $54,547.45 for the Turnpike Pump Station Force Main Replacement Project and $10,155.80 for the Well No. 5 redevelopment project.
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