APPROVE REIMBURSEMENT AGREEMENT WITH BT GOODYEAR, L.L.C. FOR PUBLIC INFRASTRUCTURE IMPROVEMENTS TO S. COTTON LANE RECOMMENDATION: Approve and authorize the City Manager to execute a Reimbursement Agreement with BT Goodyear L.L.C., authorizing the reimbursement payment of $89,673.16 for public infrastructure improvements to South Cotton Lane near the Broadway Industrial Park at 17300 W. Broadway Road in the City of Goodyear, Maricopa County, Arizona. PURPOSE: In August of 2011, in connection with the negotiation of an economic incentive agreement, the City entered into negotiations with BT Goodyear, L.L.C. for improvements to public infrastructure, specifically the construction of a decel lane on South Cotton Lane. BT Goodyear, L.L.C., owner of the Broadway Industrial Park, is the proposed beneficiary of reimbursements pertaining to decel lane construction costs. The decel lane was constructed under public procurement procedures at the request of the City. The total cost of design and construction was $89,673.16. (Harry Paxton, Economic Development Project Manager)

What this record is

Held by

BT Goodyear L.L.C

Amount

$90K

Runs until

no end date published in this record

Type

purchase

Field

Construction

Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council Regular Meeting

Introduced

May 31, 2013

On agenda

June 24, 2013