Title
Review and Consideration of Consent to Assignment of Development Agreement on the Backyard Project on S. Main Street
Requested Action
To consider the subject consent to assignment.
Recommendation
Staff recommends approval
Description/History
The development agreement for the Backyard project on S. Main Street states that the developer may assign all or part of their respective rights and obligations upon approval by the City. As a condition of making a loan to the project, Mansfield Community Bank has requested an assignment of the agreement to the bank in case of default by the developer.
Prepared By
Felix Wong, Director of Planning
817-276-4228