Today’s special City Council meeting regarding the single-family development project on the east side of town was canceled.

The council was going to hold a hearing and vote on the pre-annexation agreement for the Rich Estates development, but the council could not get organized in time for the annexation agreement to go forward, said John Inyart, Charleston mayor.

The land that Rich Smith Development wants to use for the development is currently owned by the county and needs to be annexed to the city for the project to move forward.

At the March 20 council meeting, Midwest Regional Director Kyle Bach put on a presentation for the development project.

The houses will be sold on a rent-to-purchase basis, meaning the residents will lease the homes for the first 15 years of the project and then have the option to purchase them.

The 50 units in the development are appraised between $130,000 and $150,000, but residents will have the option to buy them between $15,000 and $25,000 after the 15th year leasing the property.

Inyart said he thinks the development company will apply to the state for funding, and that the lack of the annexation agreement will have a minimal impact on the application.

He said he expects company to come before council at a later date to ask for the agreement, but that date has not been determined.