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Indian Peaks Marketplace approved by Lafayette City Council – BizWest
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LAFAYETTE Lafayette city leaders and the Lafayette Chamber of Commerce struck a deal this week that allows the city to buy the chamber-owned Starkey Building at 309 S. Public Road for $400,000.
“It’s acquisition is strategic in nature” given the building’s prime location next to Festival Plaza downtown, Lafayette city manager Fritz Spraguesaid during Tuesday’s City Council meeting during which the sale was approved.
Owning the structure will provide additional opportunities to host public events at Festival Plaza and gives the city more space to house municipal employees, he said.
“Holding this asset has value in and of itself” due to the likelihood of appreciation, Sprague said.
The Lafayette City Council is poised to vote on a consent agenda Tuesday evening that includes the second reading of a measure to the medical-device maker’s final planned unit development plan. A consent agenda is a group of typically noncontroversial or housekeeping items that city councils can approve simultaneously.
Given that Medtronic’s plans have already won approval recommendation from Lafayette’s Planning Commission and praise from members of the City Council when plans were formally introduced to the body during a February hearing, the proposal appears likely to move forward.
Should the company meet a few conditions likely to be set forth by city leaders for example, paying the full public land dedication cash-in-lieu fee rather than the 50% payment it had previously proposed Medtronic’s new campus would be located on a roughly 42-acre parcel just south of SCL Health’s Good Samaritan Medical Center, northeast of the interchange of Northwest Parkway and U.S. H
Editor’s note: this story previously said that the Lafayette City Council had agreed to the change in the development agreement. The Lafayette City Council has yet to approve the agreement as of Tuesday morning.
LAFAYETTE City officials in Lafayette have struck a deal with the development group behind The Miller apartment complex in the
City Center project to rename the building, months after locals began saying that the name promotes the racist history associated with some of that family’s members.
According to documents for its Tuesday meeting, city officials and a subsidiary of Boulder-based Rubicon Development LLC agreed to a deferment in paying building fees and associated interest until 2022 in exchange for renaming the housing complex at 235 South Boulder Road. The company was scheduled to start making quarterly payments on up to $3.5 million in deferred fees this month with a 5% interest rate.
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