In tonight’s meeting, the Council will formally introduce a resolution for annexation of the Domain, a market-rate mixed-use housing and retail project.
The Domain at College Park sits at the south-western quadrant of the intersection of Campus Drive and Mowatt Lane and also just west of the current City borders. At its full build-out, the Domain at College Park will have 225 residential units and 10,000 square feet of ground floor retail.
The developer has consented to annexation as part of an agreement for the City to support the development, and the City has agreed to a 30% reduction in the property tax rate for the first five fiscal years after annexation.
A public hearing will be held and the Council will vote on this resolution on February 12, 2013.