Site Plans vs. Purchase Options

In reviewing some previous Chronicle coverage of Village Green’s purchase option for land at First & Washington for the City Apartments project, Chronicle staff noticed an inaccurate conflation of two separate notions: (i) site plan approval and (ii) purchase option. The issue before the city council at its June 21 meeting is an extension of the City Apartments purchase option, not the site plan.

According to head of planning for the city, Wendy Rampson, site plan or PUD site plan is valid for three years.  A developer may extend a site plan for two years, as long as the plan meets all of the requirements at the time of the extension request. The extension is handled as an administrative amendment. We note the previous mistakes here and have corrected the original articles. [link] [link]