AMENDED & RESTATED DEVELOPMENT AGREEMENT REGARDING DEVELOPMENT OF LAS VENTANAS RECOMMENDATION: ADOPT RESOLUTION 13-1582 APPROVING AND AUTHORIZING AND DIRECTING EXECUTION OF AN AMENDED & RESTATED DEVELOPMENT AGREEMENT REGARDING DEVELOPMENT OF APPROXIMATELY 160 ACRES OF LAND GENERALLY LOCATED AT THE SOUTHEAST CORNER OF PERRYVILLE ROAD AND YUMA ROAD WITHIN THE CITY OF GOODYEAR (LAS VENTANAS); 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 the development of Las Ventanas, 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 Las Ventanas. 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 28, 2013

On agenda

November 4, 2013

Passed

November 4, 2013