Legislation Details

File #: 16-5820    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/13/2016 In control: City Council Regular Meeting
On agenda: 4/25/2016 Final action:
Title: SECOND AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR LAS PALMAS
Attachments: 1. Staff Report, 2. Resolution and Exhibit A: Legal Description, 3. Exhibit B: Development Agreement

Title

SECOND AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR LAS PALMAS

body

RECOMMENDATION:

ADOPT RESOLUTION NO. 16-1760 APPROVING THE SECOND AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR LAS PALMAS REGARDING THE DEVELOPMENT OF AN APPROXIMATE 273 ACRE PARCEL OF LAND GENERALLY LOCATED EAST OF PERRYVILLE ROAD, WEST OF CITRUS ROAD, SOUTH OF ROOSEVELT STREET AND NORTH OF VAN BUREN STREET; 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 LAS PALMAS; AND PROVIDING FOR AN EFFECTIVE DATE.

 

PURPOSE:

The purpose of this item is to review and approve the Second Amended & Restated Development Agreement for Las Palmas related to the development of Las Palmas.  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)