FARMINGTON -- A $36 million transit-oriented development adjacent to Station Park has been approved for funding through a Housing and Urban Development program, says one of the project's planners.
Ernest Willmore, a principal with Willmore Development, told city officials he has received an invitation letter from HUD providing funding to facilitate the construction of Park Lane Village, a 324-unit apartment development at approximately 500 North and 1000 West.
The letter did not specify the amount of money HUD would make available.
Park Lane Village is considered the first phase of a mixed-use development plan for the 33-acre parcel.
Richard Haws, of the Haws Companies, put together a team of builders, architects and financiers to promote the project, which he hopes will be ready for construction later this year. Willmore Development is handling specifics of securing financing for the project.
In a letter shared with council members, Willmore said officials are preparing construction drawings over the next five to eight weeks for city review. He urged city officials to press ahead with infrastructure for the project.
"Timing is critical to us at this stage, as the progress of many off-site improvements must be accomplished in a timely manner to allow us to close on our financing."
Besides apartments, the development plan calls for construction of a trail along the north side of the project.
Haws said his plan is to eventually link the trail to the Legacy Trail on the south and a trail extending south from Kaysville along the old Denver & Rio Grande railroad line on the north.
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