Approval of an Assignment and Assumption of Development Agreement between CD-SG (Colleyville) LLC, PHS Colleyville, Inc., and the City of Colleyville, and authorizing the City Manager to execute the Agreement

Staff Report & Agenda Item Details

<strong><em>Reading and Public Hearing<br></em></strong><br>This agenda item provides for the assignment and assumption of the development agreement between CD-SG (Colleyville) and the City of Colleyville that was approved by Resolution R-24-4948 on June 18, 2024, for the senior housing project known as Sagora. The assignment of the development agreement replaces the original group involved (Sagora) with Presbyterian Homes & Services (PHS). PHS will uphold all commitments agreed to under the original development agreement and will construct the senior housing project at Cheek-Sparger and Wayne Drive according to all existing PUD requirements.

This docket item is classified as NEUTRAL (0.0 Score Impact). Routine administrative reports, monthly accounts payable/disbursement registers, minutes approvals, and procedural motions are logged for public transparency but carry zero weight in calculating an official's Roll-Call Freedom Score.