by Marianne Gasaway
Clear Lake City Administrator Scott Flory outlined a prospective economic development project and a preliminary draft of a Letter of Intent related to a hotel and conference center project at Monday night’s City Council meeting. It is anticipated the Council will take formal action on the Letter of Intent at its next meeting, scheduled for Aug. 5.
“The purpose of the Letter of Intent is to serve as a good faith gesture by the City and prospective developer to enable both parties to proceed with the necessary due diligence and legal steps required to formally consider a Development Agreement at some point in the near future,” explained Flory.
The proposed location is the future Lot 4 in the Courtway Park Subdivision, which is roughly 5.8 acres.
The final plat of the Courtway Park Subdivision was approved Thursday by the City’s Planning and Zoning Commission. It encompasses 64 acres just east of Interstate 35, extending to North 32nd Street, north of Highway 122. The six lots closest to Highway 122 are zoned as highway commercial, while the northern five lots are zoned light industrial.
The proposed hotel and conference center development would be on a 5.8 acre piece of land on the far southwestern part of the subdivision. While not ready to name the franchise, Flory said the hotel would be not less than a mid-scale brand hotel with not less than 70 rooms. The accompanying 9,000 square foot conference center would be a 600 personTo read more of this article, please login or sign up for our E-Edition