The City just can’t stop handing out ‘free’ stuff! Well, if you are a developer, that is.
If you’re just a regular citizen with a huge electricity bill, you get to sit in the middle and suck one.
The latest “freebie” is ANOTHER check to the Hidden Oaks development – a 12-home site on Old Naruna Road that has seen very little activity as of late. I wonder if the housing crash has anything to do with that? Talk about bad timing!
As I pointed out previously, Hidden Oaks was being handed $19,716 for “electrical infrastructure”.
Kinda like Stone Valley was gifted $72,000 for THEIR 67 houses.
But that’s not all!
Hidden Oaks just got ANOTHER fat check “in the amount of $9,887.38 which was reimbursement for expenses related to the lift station for the subdivision as defined in the Development Agreement on Page 7 Section 3- #2A.“, according to the City.
Here is that agreement, once again.
So that is now nearly $30,000 in gifts given by the City – all for 12 houses that may or may not get built by the deadline set by the City.
With rates going up and home sales and prices diving, it will be very interesting indeed to see how Brodie Estates and Hidden Oaks play out. I suspect we’ll get to see if the City has any enforcement mechanism for failure to abide by the contract. I have my doubts.