AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR PASEO RIDGE RECOMMENDATION: ADOPT RESOLUTION 13-1579 APPROVING AND AUTHORIZING AND DIRECTING EXECUTION OF AN AMENDED & RESTATED DEVELOPMENT AGREEMENT REGARDING DEVELOPMENT OF APPROXIMATELY 120 ACRES OF LAND CONSISTING OF TWO NON-CONTIGUOUS PARCELS GENERALLY LOCATED AT THE NORTHWEST CORNER OF YUMA ROAD AND THE 183RD AVENUE ALIGNMENT WITHIN THE CITY OF GOODYEAR (PASEO RIDGE); 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 Paseo Ridge, 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, through its development partners, the owner of Paseo Ridge. 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. (Joe Schmitz, Planning Manager)

Committee

City Council Regular Meeting

Introduced

October 18, 2013

On agenda

October 28, 2013

Passed

October 28, 2013