TITLE
APPROVE AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR AMBER MEADOWS
RECOMMENDATION:
ADOPT RESOLUTION 13-1555 APPROVING AND AUTHORIZING AND DIRECTING EXECUTION OF AN AMENDED AND RESTATED DEVELOPMENT AGREEMENT REGARDING THE DEVELOPMENT OF A 108.5 ACRE PARCEL GENERALLY LOCATED AT THE NORTHEAST CORNER OF PERRYVILLE ROAD AND WEST HARRISON STREET WITHIN THE CITY OF GOODYEAR (AMBER MEADOWS); 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 Amber Meadows, 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 former owner of Amber Meadows. 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)