FIRST AMENDMENT TO THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR PRADERA RECOMMENDATION: ADOPT RESOLUTION 13-1590 APPROVING, AUTHORIZING AND DIRECTING THE EXECUTION OF THE FIRST AMENDMENT TO THE AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR PRADERA; PROVIDING AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF RESOLUTION AND FIRST AMENDMENT; AND PROVIDING FOR AN EFFECTIVE DATE. PURPOSE: The purpose of this item is to review and approve a First Amendment to the Amended & Restated Development Agreement for Pradera, which amends the terms of the Amended & Restated Development Agreement for Pradera related to the timing of cost recovery payments for the construction of regional water and sewer improvements. (Sarah Chilton, Assistant City Attorney)

Committee

City Council Regular Meeting

Introduced

November 26, 2013

On agenda

December 9, 2013

Passed

December 9, 2013