Homestake lot affordable housing
City-owned Homestake lot at 1875 Homestake: a memorandum of understanding with JF Development for at least 80 percent affordable rental housing averaging 60 percent AMI, 50-year deed restrictions and a 99-year lease, approved Dec. 9, 2021.
- Where it stands
- Approved
- Type
- Development agreement
- Location
- 1875 Homestake
Every hearing and vote
December 9, 2021 · City Council
Homestake lot memorandum of understanding with JF Development
Approved · 4-0
The MOU calls for at least 80 percent affordable rental housing averaging 60 percent of area median income, 50-year deed restrictions and city ownership under a 99-year lease, with up to $50,000 reimbursement of predevelopment costs if the city does not proceed. Conceptual designs are expected in January. Two speakers asked for a pause and more transparency on the RFQ process.
January 27, 2022 · City Council
Specific Performance, Inc. contract for the Homestake lot
Approved · 3-2
The council approved a contract not to exceed $174,000 for help with the Homestake lot at 1875 Homestake Road and affordable housing goals. The memorandum with JF Development carries $50,000 exposure, reimbursable only if the city cancels the project. The contract can be ended any time for services rendered. A delay motion by Rubell is noted but no separate vote is recorded.
June 22, 2023 · City Council
Ground lease with JF EngineHouse Developer, LLC, 1875 Homestake Road
Discussed
123 units, 99 of them affordable at 60 percent of area median income, on a 65-year lease with extensions to 99 years. The mayor was concerned about a 12-foot concrete wall; Rubell asked for a timeline for removing the substation before final approval; Toly said the Munchkin Drive parking would be insufficient. No vote.
June 22, 2023 · City Council
Resolution 11-2023: below-market ground lease, EngineHouse, 1875 Homestake Road
Approved · 4-1
Lease rate of $1 per year; the developer noted $4 million in tax credits. Toly opposed the lease, citing health and safety concerns next to the substation. Rubell said council was approving one step and wanted answers on the substation before final approval. Dickey and Gerber spoke to housing affordability and workforce stress. One resident supported the project.
June 22, 2023 · City Council
Soil remediation contract, 1875 Homestake Road
Approved · 5-0
Two bids were received. Stantec handles soil testing, neighboring air monitoring and health and safety. Speakers urged end-to-end monitoring of dump trucks; public input was limited to remediation.
July 11, 2023 · City Council
Affordable housing project updates
Discussed
Park City projects: Studio Crossing (185 affordable units), the Holiday Village area redevelopment to 317 units, EngineHouse (99 affordable units), Mine Bench (proposed 240 affordable units for resort employees) and a Clark Ranch feasibility study (up to 300 units). Summit County projects include Elk Meadows rehabilitation, Slopesides Apartments (169 units) and Silver Creek Village (330 income-restricted units). The Summit County chair asked staff to study replacing area median income percentages with rent caps. Informational.
July 13, 2023 · City Council
Ground lease with JF EngineHouse Developer, LLC for 99 affordable rental units, 1875 Homestake Road
Approved · 4-1
The relocation of the Recycle Utah center was removed from the agreement. Supporters spoke for the housing; others raised concerns about the substation, electromagnetic fields and parking reductions. Toly opposed the project because of its proximity to the substation and said the government should prove safety. Dickey cited the central location; Rubell called it a guidepost for the Bonanza Park planning process and noted a panel is studying substation relocation.
July 13, 2023 · City Council
Building permit and impact fee waivers, EngineHouse affordable housing project, 1875 Homestake Road
Approved · 4-1
Waivers not to exceed $2,000,000. The chief building official said the fee waiver process was not ready. Rubell suggested a stepped waiver scale for future projects; Dickey said waivers make units more affordable. Toly voted no; no reason is recorded.
August 22, 2023 · City Council
Consent agenda: Arbor Day, Rail Trail interlocal agreement, temporary easement, development agreement assignment
Approved · 5-0
Resolution 14-2023 proclaims August 23 as Arbor Day and marks 30 years as a Tree City USA; Resolution 16-2023 is an interlocal agreement with Utah State Parks for Rail Trail management; a temporary easement of 1 to 4 feet along the southern edge of the city-owned Homestake property in favor of Wintzer-Wolfe Properties; and assignment of the Homestake affordable housing development agreement to an affiliated entity of the original developer.