Two ‘402’ projects could advance Tuesday

LOVELAND — The City Council will consider moving forward on annexation and rezoning involving two future developments in its “402 Corridor” highlighted in recent years as an area for growth.

The development closest to a start — developers previously told BizWest they hoped to begin in Spring — is South Village. The roughly 90 acres seeks to deliver 570 homes over the next several years.

Two key amendments to an annexation agreement sought by developers Michael Blumenthal and Bob Quinette look to allow cash-in-lieu payments earmarked for affordable housing instead of building the lower-cost units and reduce required setbacks from abandoned…