A memorandum of understanding with The Summit at Rivery Park, a 32-acre mixed-use development located on Rivery Boulevard, developers was approved by City Council at its May 14 regular meeting.
The MOU outlines 10 separate agreements, including zoning, infrastructure and operating agreements, that will be individually brought to council for final approval at a future date, City Manager Paul Brandenburg said.
"The city has been committed to this project," Brandenburg said, adding that he believes the development will be an economic engine for the city.