Legislation Details

File #: 13-5164    Version: 1 Name:
Type: Resolution Status: Passed
File created: 11/20/2013 In control: City Council Regular Meeting
On agenda: 12/9/2013 Final action: 12/9/2013
Title: MUTUAL TERMINATION OF DEVELOPMENT AGREEMENT AND OPTION TO LEASE AGREEMENT WITH GOODYEAR CIVIC CENTER DEVELOPERS, LLC RECOMMENDATION: ADOPT RESOLUTION 13-1586 APPROVING THE MUTUAL TERMINATION OF DEVELOPMENT AGREEMENT AND OPTION TO LEASE AGREEMENT WITH GOODYEAR CIVIC CENTER DEVELOPERS, LLC. PURPOSE: Due to the continued delay of the City Center Phase I projects (City Hall, 30,000 sq ft library, and related infrastructure) at the NW quadrant of Estrella Parkway and Yuma Road, the City and Goodyear Civic Center Developers, LLC are mutually requesting termination of the Development Agreement and Option to Lease Agreement approved on October 20, 2008. (Brian Dalke, City Manager)
Attachments: 1. Staff Report, 2. Resolution, 3. Termination Agreement, 4. Presentation
TITLE
MUTUAL TERMINATION OF DEVELOPMENT AGREEMENT AND OPTION TO LEASE AGREEMENT WITH GOODYEAR CIVIC CENTER DEVELOPERS, LLC
RECOMMENDATION:
ADOPT RESOLUTION 13-1586 APPROVING THE MUTUAL TERMINATION OF DEVELOPMENT AGREEMENT AND OPTION TO LEASE AGREEMENT WITH GOODYEAR CIVIC CENTER DEVELOPERS, LLC.
 
PURPOSE:
Due to the continued delay of the City Center Phase I projects (City Hall, 30,000 sq ft library, and related infrastructure) at the NW quadrant of Estrella Parkway and Yuma Road, the City and Goodyear Civic Center Developers, LLC are mutually requesting termination of the Development Agreement and Option to Lease Agreement approved on October 20, 2008. (Brian Dalke, City Manager)