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Council has decided to move forward with the purchase and sales agreement for the Rooftop at Riverside. At the November 18, 2020 meeting, council accepted the letter of intent from Rooftop at Riverside, LLC, and directed the City Attorney to coordinate the terms of a final purchase and sale agreement and development agreement covering the terms of the letter of intent and to include for the provision of parking at the Banyan Tree and Lemon Lot parcels.
The essential terms include a 15-month entitlement period in order to obtain a special exception for the food truck park, upon which the property will close and title will pass to Rooftop at Riverside. Construction will commence within 6 months of all approvals and must be completed within 18 months of commencement.
Final details including the facility’s operating hours will be worked out during the development agreement phase as the deal moves forward to its closing date.