City of Goodyear - File #: 13-5172

• File #: 13-5172
• Version: 1
• Type: Contract
• Status: Passed
• File created: 11/26/2013
• In control: City Council Regular Meeting
• On agenda: 12/9/2013
• Final action: 12/9/2013
• Title: FIRST AMENDMENT TO THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR PRADERA RECOMMENDATION: ADOPT RESOLUTION 13-1590 APPROVING, AUTHORIZING AND DIRECTING THE EXECUTION OF THE FIRST AMENDMENT TO THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR PRADERA; PROVIDING AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF RESOLUTION AND FIRST AMENDMENT; AND PROVIDING FOR AN EFFECTIVE DATE. PURPOSE: The purpose of this item is to review and approve a First Amendment to the Amended & Restated Development Agreement for Pradera, which amends the terms of the Amended & Restated Development Agreement for Pradera related to the timing of cost recovery payments for the construction of regional water and sewer improvements. (Sarah Chilton, Assistant City Attorney)

Date	Ver.	Action By	Action	Result
12/9/2013	1	City Council Regular Meeting	APPROVED	Pass

Title

FIRST AMENDMENT TO THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR PRADERA

RECOMMENDATION:

ADOPT RESOLUTION 13-1590 APPROVING, AUTHORIZING AND DIRECTING THE EXECUTION OF THE FIRST AMENDMENT TO THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR PRADERA; PROVIDING AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF RESOLUTION AND FIRST AMENDMENT; AND PROVIDING FOR AN EFFECTIVE DATE.

PURPOSE:

The purpose of this item is to review and approve a First Amendment to the Amended & Restated Development Agreement for Pradera, which amends the terms of the Amended & Restated Development Agreement for Pradera related to the timing of cost recovery payments for the construction of regional water and sewer improvements.   (Sarah Chilton, Assistant City Attorney)