File #: RES 20-53    Version: 2 Name: Agreement for Park at the Lakes
Type: Resolution Status: Passed
File created: 12/2/2020 In control: City Council Regular Meeting
On agenda: 12/15/2020 Final action: 12/15/2020
Title: A Resolution of the Mayor and City Council of the City of Maricopa, Arizona, approving and adopting a Park Donation and Impact Fee Pre-Payment Development Agreement for Lakes at Rancho El Dorado between the City of Maricopa, Metro Red-1, LLC, Meritage Homes of Arizona, Inc. and Rancho El Dorado Phase III Homeowners Association, in compliance with A.R.S. §9-500.05.  Discussion and Action.
Attachments: 1. Resolution, 2. Development Agreement
Related files: SUB 21-01

TITLE

A Resolution of the Mayor and City Council of the City of Maricopa, Arizona, approving and adopting a Park Donation and Impact Fee Pre-Payment Development Agreement for Lakes at Rancho El Dorado between the City of Maricopa, Metro Red-1, LLC, Meritage Homes of Arizona, Inc. and Rancho El Dorado Phase III Homeowners Association, in compliance with A.R.S. §9-500.05.  Discussion and Action.

 

AGENDA ITEM DESCRIPTION

Staff wishes to enter into this Agreement to obtain the land necessary to increase the City's park inventory in order to better serve its residents.  The park will be designed in the FY21 budget cycle and built in phases over FY22 and FY 23.  The property will allow for the construction and operation of baseball fields in the first phase.  Currently there is a major shortage in field space as it relates to youth baseball.  The agreement would provide the land and some construction costs up front.

 

STAFF RECOMMENDATION

Staff recommends approval of this resolution approving and adopting the Park Donation