May 1 Council Update: Festival Park Commons parking garage non-binding MOU, second reading for animal code updates approved, parking requirements for new Downtown developments approved, Water Resources Strategic Plan
Your Town Council representatives meet twice a month. During those meetings, Councilmembers make decisions that impact you, our residents and business owners. This email will help you stay connected with those decisions.
Here are some meeting highlights
You can watch the full meeting online, but here is a brief update on Council action.
Festival Park Commons Parking Garage
Town Council approved a non-binding memorandum of understanding Tuesday to generally frame future negotiations for a public/private partnership to build a new public parking garage Downtown.
Town Council in April authorized Town staff to work with a developer (Castle Brae Development, LLC) and the Downtown Development Authority on a redevelopment and public finance agreement that would help bring a new parking garage to the property just south of Town Hall. The Town Council-approved MOU is the next step in that process.
The MOU is not binding and simply frames negotiations for the formal agreement. Any formal arrangement will still require a public hearing and Town Council approval.
The parking garage is proposed as part of the potential Festival Park Commons Project and will have an estimated 300 Town-owned public parking spaces. Overall, the Festival Park Commons project is proposed to include the public parking garage, residential units, retail and office space.
Watch the presentation and Council discussion