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The Council reached consensus to remove the K Park purchase-and-sale agreement from the upcoming agenda while staff and the developer work through unresolved financing, payment, development, and legal issues. The proposal discussed a roughly $47 million purchase price, including $31 million for the residential and retail portion and $16 million for the school-related portion.
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No vote on the K Park agreement was scheduled after Council members determined that more information and negotiations were needed. Staff may bring the item back at a special meeting before the end of the year or at a December meeting. The Council also directed staff to work with Habitat for Humanity on a possible plan for developing two Village-owned lots, including property values and applicant criteria.
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