City Council

7. CONSIDERATION OF DEVELOPMENT AGREEMENT WITH MILESTONE HOUSING GROUP,\nLLC\nRecommended Action:\nThe City Council adopt a resolution terminating the development agreement with Milestone\nHousing Group (attached as Exhibit C) and direct staff to take further steps to terminate the\ndevelopment agreement.\nIf the development agreement is terminated, then the City plans to assess its options for how to\nbest use the site.\nExhibit A - Development Agreement with Milestone Housing Group, LLC\nExhibit B - February 21, 2023 Notice of Termination\nExhibit C - Resolution Terminating Development Agreement with Milestone Housing Group, LLC\nExhibit D - Resolution No. 5040-2021\nExhibit E - Email from Marcus Griffin, Principal and CFO of Milestone Housing Group, LLC\nBUSINESS / ACTION ITEMS:\nBFPD/CITY COUNCIL: