Committee backs amendment to Cashman development agreement adding off-site improvement obligations

The recommending committee March 30 recommended approval of bill 2026-10, a first amendment to the development agreement for property formerly known as Cashman. The property is described in the committee discussion as generally bounded by Las Vegas Boulevard (west), Washington Avenue (north), Sagman Street (east) and Maryland Parkway (south).

Lexa Green, speaking for the developer Lennar, thanked staff and said the developer "respectfully request[s] your recommendation of approval, and I'm here to answer any questions you may have." Staff then summarized the amendment, telling the committee the proposal adds a new section outlining off‑site improvements and an exhibit assigning improvement obligations to the respective parties and recommended approval.

The Mayor Pro Tem opened a public hearing; no members of the public spoke. A motion to approve the amendment was made and the committee voted to pass the item. The transcript records that the committee passed the item and that it will be placed on the April 1, 2026 City Council agenda; the transcript does not record a roll‑call tally.

According to the staff summary, the amendment’s new section 4 specifies off‑site improvements and the responsibilities for each party; no further technical details or dollar amounts were read into the record at the committee meeting. Lexa Green and staff responded to no substantive public questions at the committee level.

Next step: the amendment will be presented to the City Council for action on April 1, 2026.