To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Tara Vargish, PE, Director, Development Services
Title
Discussion/Direction: Proposed transfer of Town-owned property (former school site) near Loop Road and Crystal Valley Parkway
Body
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Executive Summary
Staff is seeking Council direction and a motion to transfer a Town-owned property (potential school site) near Loop Road and Crystal Valley Parkway back to the developer. The Development Agreement for this property, approved by Town Council in 2007, calls for the reconveyance of this property to the developer for residential development if the School District states they will not be using it.
Staff believes the Town may convey the property as is to the developer, or Council may want to consider conveying the property with an additional buffer area between the existing residential development and new residential development. This second option would reduce the total land area in Rhyolite park and require a rezoning of this area to match the development parcel zoning.