RESOLUTION ADOPTING AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR PRADERA RECOMMENDATION: ADOPT RESOLUTION 13-1563 APPROVING AND AUTHORIZING AND DIRECTING EXECUTION OF AN AMENDED & RESTATED DEVELOPMENT AGREEMENT REGARDING DEVELOPMENT OF A 160 ACRE PARCEL GENERALLY LOCATED AT THE NORTHWEST CORNER OF LOWER BUCKEYE RD. AND CITRUS ROAD WITHIN THE CITY OF GOODYEAR (PRADERA); PROVIDING AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF RESOLUTION AND AGREEMENT; AND PROVIDING FOR AN EFFECTIVE DATE. PURPOSE: The purpose of this item is to review and approve an Amended & Restated Development Agreement related to the development of Pradera, which is to replace and supersede an existing development agreement that was entered pursuant to the terms of a Memorandum of Understanding between the City and owners of sixteen properties located within the West Goodyear Central Planning Area, including the former owner of Pradera. This is one of the agreements that Council was told would be forthcoming during the update that was provided Council on May 13, 2013 regarding the development within the West Goodyear Central Planning Area, and is consistent with the two agreements that were approved by Council on June 24, 2013. (Robert Beckley, Deputy City Manager)

Committee

City Council Regular Meeting

Introduced

July 2, 2013

On agenda

July 8, 2013

Passed

July 8, 2013