FARMINGTON -- Procedural delays in securing financing from a Housing and Urban Development program have caused at least one more temporary hurdle for a 324-unit apartment complex project in this city.
The city council reapproved final plat plans for the Park Lane Commons project at approximately 500 North and 1000 West at a recent meeting, after the council's approval in 2010 had expired.
The approval only covers a six-month period, and delays in securing HUD financing had kept officials from filing the plat initiating the project.
Development officials did not file for an extension; therefore, the council had to reapprove the project.
Ernie Willmore, of Willmore Development, said he hopes to close on the project by the end of May or early June. He said a groundbreaking will follow the next day.
"What's changed, if anything?" Councilman Jim Talbot asked.
He was told there were no key changes to the plans.
Park Lane Village is considered to be Phase 1 of a $36 million transit-oriented development plan for a 33-acre parcel in the area just north of Station Park. The first store in Station Park is expected to open in May, with more development to follow this summer.
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 this year. Willmore is handling specifics of securing financing for the project.
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 D&RG Railroad line on the north.
Both Station Park and the Park Lane Commons project are near the city's commuter rail stop.
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