TITLE
APPROVE AN AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR LA JOLLA VISTA
RECOMMENDATION:
ADOPT RESOLUTION 13-1560 APPROVING AND AUTHORIZING AND DIRECTING EXECUTION OF AN AMENDED AND RESTATED DEVELOPMENT AGREEMENT REGARDING THE DEVELOPMENT OF A 198.5 ACRE PARCEL GENERALLY LOCATED EAST OF CITRUS ROAD, SOUTH OF WEST DURANGO STREET, NORTH OF WEST LOWER BUCKEYE ROAD AND EAST OF 173RD AVENUE WITHIN THE CITY OF GOODYEAR (LA JOLLA VISTA); PROVIDING AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF RESOLUTION AND AGREEMENT; AND PROVIDING FOR AN EFFECTIVE DATE.
PURPOSE:
The purpose of this item is to review and approve an Amended & Restated Development Agreement related to the development of La Jolla Vista, which is to replace and supersede an existing development agreement that was entered pursuant to the terms of a Memorandum of Understanding between the City and owners of sixteen properties located within the West Goodyear Central Planning Area, including the owner of La Jolla Vista. This is one of the agreements that Council was told would be forthcoming during the update that was provided Council on May 13, 2013 regarding the development within the West Goodyear Central Planning Area. (Robert Beckley, Deputy City Manager)