TITLE
A Resolution of the Mayor and City Council of the City of Maricopa, Arizona, approving and adopting a Development and Settlement Agreement between the City of Maricopa and SLV Homestead, LLC, a Delaware limited liability company, in compliance with A.R.S. §9-500.05. Discussion and Action.
AGENDA ITEM DESCRIPTION
SLV Homestead, LLC owns and has been developing a portion of Homestead North known as Parcels 15, 16, 18 and 19. This Agreement is to document the allocation of responsibilities for the purchase, design, engineering, and installation of, and payment for, the traffic signal to be located at Smith-Enke Road and Homestead Drive and the traffic signal to be located at Porter Road and Homestead Drive.
CITY MANAGER'S RECOMMENDATION
The City Manager recommends approval of this resolution approving and adopting a Development and Settlement Agreement with SLV Homestead, LLC regarding the development of a portion of Homestead North.