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The Authority approved a modification to the local performance agreement with Microporous by a 4-0 vote, updating the project’s financing structure, property ownership, phase timelines and performance metrics.
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The approved changes allow Microporous to take title to the project property and revise how its development will proceed across three phases. The Authority also approved a pipeline right-of-way amendment involving additional temporary easement space; staff said it would not reduce developable park area and would generate a $10,000 payment to the Authority. Members accepted the January financial report and revised the bylaws to let designated officers handle certain routine land agreements, change orders and grant applications outside regular meetings.
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