By Tim Perry | Red Rock News
The Sedona City Council approved a development agreement with the MK Company of Scottsdale for the construction of a 60-unit townhome development at 10 Navajo Drive during its meeting on Tuesday, June 27.
The MK Company proposed the construction of 60 duplex townhomes on the 4.5-acre parcel at 10 Navajo Drive in May 2021. The city’s Planning and Zoning Commission unanimously approved the development review for the property on Feb. 15, 2022, subject to the company’s entering into a development agreement with the city.
“The proposed density of 13.3 units per acre is permitted if the project is addressing local housing needs,” the commission found. “The applicant has submitted a draft development agreement that would guarantee that the units be used as long-term rentals. This agreement will need to be approved by City Council prior to issuance of building permits.”
The proposed development agreement offered to limit rental of the properties to a minimum of 90 days.
