Legislation Details

File #: 16-5811    Version: 1 Name:
Type: Resolution Status: Passed
File created: 6/8/2016 In control: City Council Regular Meeting
On agenda: 6/13/2016 Final action: 6/13/2016
Title: AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR LA PRIVADA RECOMMENDATION: ADOPT RESOLUTION 16-1754 APPROVING AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR LA PRIVADA REGARDING THE DEVELOPMENT OF 198 ACRES GENERALLY LOCATED AT THE SOUTHEAST CORNER OF PERRYVILLE AND THE HARRISON ROAD ALIGNMENT, PROVIDING AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF RESOLUTION AND THE AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR LA PRIVADA; AND PROVIDING FOR AN EFFECTIVE DATE.
Attachments: 1. Staff Report, 2. Resolution, 3. Amended Restated Development Agreement

Title

AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR LA PRIVADA

RECOMMENDATION:

ADOPT RESOLUTION 16-1754 APPROVING AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR LA PRIVADA REGARDING THE DEVELOPMENT OF 198 ACRES GENERALLY LOCATED AT THE SOUTHEAST CORNER OF PERRYVILLE AND THE HARRISON ROAD ALIGNMENT, PROVIDING AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF RESOLUTION AND THE AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR LA PRIVADA; AND PROVIDING FOR AN EFFECTIVE DATE.

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PURPOSE:

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