File #: RES 21-08    Version: 1 Name: Resolution No. 21-08
Type: Resolution Status: Passed
File created: 2/16/2021 In control: City Council Regular Meeting
On agenda: 4/6/2021 Final action: 4/6/2021
Title: A Resolution of the Mayor and City Council of the City of Maricopa, Arizona, approving and adopting the Second Amendment to the Development Agreement between the City of Maricopa and Property Reserve Arizona, LLC, an Arizona limited liability company in compliance with A.R.S. §9-500.05.  Discussion and Action.
Sponsors: Nathan Steele
Attachments: 1. Resolution, 2. Development Agreement, 3. AVALEA- EXHIBIT A, 4. AVALEA- EXHIBIT B, 5. AVALEA- EXHIBIT C, 6. AVALEA- EXHIBIT D, 7. AVALEA- EXHIBIT E

TITLE

A Resolution of the Mayor and City Council of the City of Maricopa, Arizona, approving and adopting the Second Amendment to the Development Agreement between the City of Maricopa and Property Reserve Arizona, LLC, an Arizona limited liability company in compliance with A.R.S. §9-500.05.  Discussion and Action.

 

AGENDA ITEM DESCRIPTION

Second Amendment to the Development Agreement for Avalea Master Plan Development to address the alignment and dedication obligations by the developer of the East-West Parkway and the obligations of the City of Maricopa to provide access and traffic signals to the Avalea Property.  The Initial Term related to the East-West Parkway will be extended so that it may be accomplished within the terms and conditions.

 

STAFF RECOMMENDATION

Staff recommends approval of Resolution 21-08.