Columbia City Council to Ask Developers to Pay for Sewer
COLUMBIA - More collegiate housing could come to downtown Columbia if the city can strike a deal with housing developers to get them to chip in to fix up infrastructure.
The Columbia City Council will introduce three separate development agreements with different development companies at a special meeting Wednesday afternoon.
After the city council rejected last month's TIF proposal, the city needed to find a new way to finance various infrastructure improvements in order to prepare downtown for hungry developers.
As part of the proposed agreements, the developers would pay to replace an 8-inch sanitary sewer main that runs along Providence Road and Flat Branch Creek.
American Campus Communities and Collegiate Housing Partners are each requesting to build complexes between 4th and 5th Streets on Conley Avenue, while Opus is proposing a complex near the intersection of 8th Street and Locust Street.
The agreements will be presented as bills requiring approval at two separate meetings for final passage. Those meetings will take place March 17 and March 19, with the Collegiate Housing Partners project planned to be completed by the start of the 2015 fall semester.