The group planning to build an unorthodox housing development in Old Town recently secured more time to finalize a deal to purchase the land from City Hall for the project.
It was the second extension the Park City Council granted to a firm known as Greenpark Cohousing, LLC. The extension delayed the settlement deadline until March 1, 2014. Under the extension, the deadline for financing and the appraisal was pushed back to Feb. 15. A deadline for due diligence, a fact-finding process, was also moved to Feb. 15.
When City Hall and Greenpark Cohousing, LLC reached the original deal the settlement deadline was June 15 of this year. That date was later extended to Oct. 1.
The City Council unanimously approved the extension until March 1. In a report submitted to the elected officials prior to the vote, City Hall staffers indicated more time is needed for Greenpark Cohousing, LLC to talk with the Planning Department and the Park City Planning Commission about the designs of the project.
The Planning Commission started its discussions about the project in the spring amid some concern from people in a nearby condominium building. The panel itself also has questions about the project.
The Planning Commission process has already extended well beyond the timeline Greenpark Cohousing had desired. In early March, the group had wanted to secure the necessary City Hall approvals by May followed by a groundbreaking in June or July. Construction at that time was anticipated to last between 10 and 12 months, putting move-in dates in summer 2014.
City Hall last November reached a deal to sell Greenpark Cohousing two parcels of land in Old Town and the two old houses on them, 1450 Park Ave. and 1460 Park Ave., at a price of $400,000.
Greenpark Cohousing wants to develop a 10-unit project involving renovating the two old houses and building eight townhouse-style units. The idea includes communal space as well.
Under the overarching ideals of a cohousing development, the people who intend to live in a project are heavily involved in the design and planning process.