Legislation Details

File #: 16-5809    Version: 1 Name:
Type: Resolution Status: Passed
File created: 3/29/2016 In control: City Council Regular Meeting
On agenda: 4/25/2016 Final action:
Title: SECOND AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR AMBER MEADOWS
Attachments: 1. Staff Report, 2. Resolution and Exhibit A: Legal Description, 3. Exhibit B: Development Agreement

Title

SECOND AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR AMBER MEADOWS

body

RECOMMENDATION:

ADOPT RESOLUTION NO. 16-1752 APPROVING THE SECOND AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR AMBER MEADOWS REGARDING THE DEVELOPMENT OF AN APPROXIMATE 108.5 ACRE PARCEL GENERALLY LOCATED AT THE NORTHEAST CORNER OF PERRYVILLE ROAD AND THE FUTURE HARRISON STREET ALIGNMENT; PROVIDING FOR AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF RESOLUTION AND THE SECOND AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR AMBER MEADOWS; AND PROVIDING FOR AN EFFECTIVE DATE.

 

PURPOSE:

The purpose of this item is to review and approve the Second Amended & Restated Development Agreement for Amber Meadows related to the development of Amber Meadows, which is to replace and supersede an existing development agreement.  This is one of the agreements that Council was told would be forthcoming during the update that was provided to Council in October 2015 regarding the development within the West Goodyear Central Planning Area. (Rebecca Zook, Engineering Director)