We received the Development Agreement for the city yesterday! Miles and I reviewed it and it's just a bunch of legal mumbo jumbo. We're not going to have our attorney review it because it would cost us a lot of extra money and time and probably would only be able to make a few minor changes. It looks pretty boiler plate anyway.
The only surprise to us was that now the city has decided that we will NOT be able to put the money for design and construction of the Kechter Rd. improvements into a letter of credit from our bank. We'll actually have to write them a check for the improvements and put into escrow. This is really frustrating because the improvements may not happen for a long time. Not sure if they need to get everyone aligned or if the city is going to have to come up with the rest of the funds, but we don't see these improvements happening for awhile. Now that we've paid, I'd like to see them done sooner, rather than later, but I can't get wrapped around the axle on this one. Just glad that we're moving forward.
Miles and I will sign and I will return to the city tomorrow, since today is veterans day, the city offices are closed. Not sure how long the rest will take, but I think we're close. Could be as early as Friday, or maybe early next week.
Hurray!
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