Legislation Details

File #: 16-5748    Version: 1 Name:
Type: Resolution Status: Passed
File created: 1/15/2016 In control: City Council Regular Meeting
On agenda: 1/25/2016 Final action:
Title: FIFTH AMENDMENT TO THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR PRADERA
Attachments: 1. Staff Report, 2. Resolution and Exhibit A (Legal Description), 3. Exhibit B (5th Amendment), 4. Letter Requesting Extension

Title

FIFTH AMENDMENT TO THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR PRADERA

body

RECOMMENDATION:

ADOPT RESOLUTION NO. 16-1741 APPROVING, AUTHORIZING AND DIRECTING THE EXECUTION OF THE FIFTH 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 FIFTH AMENDMENT; AND PROVIDING FOR AN EFFECTIVE DATE.   

 

PURPOSE:

The purpose of this item is to review and approve a Fifth Amendment to the Amended & Restated Development Agreement for Pradera, which amends the terms of the Amended & Restated Development Agreement for Pradera to extend the deadlines for the recordation of the existing and approved final plat for Pradera. (Christopher Baker, Development Services Director, and Rebecca Zook, Engineering Director)