SECOND AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR LA JOLLA VISTA RECOMMENDATION: ADOPT RESOLUTION NO. 16-1751 APPROVING THE SECOND AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR LA JOLLA VISTA REGARDING THE DEVELOPMENT OF A 198.5 ACRE PARCEL GENERALLY LOCATED AT THE NORTHEAST CORNER OF LOWER BUCKEYE ROAD AND CITRUS ROAD; PROVIDING AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF RESOLUTION AND THE SECOND AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR LA JOLLA VISTA; AND PROVIDING FOR AN EFFECTIVE DATE. PURPOSE: The purpose of this item is to review and approve the Second Amended & Restated Development Agreement for La Jolla Vista related to the development of La Jolla Vista, which is to replace and supersede an existing development agreement. This is one of the agreements that Council was told would be forthcoming during the update that was provided to Council in October 2015 regarding the development within the West Goodyear Central Planning Area. (Rebecca Zook, Engineering Director)

Committee

City Council Regular Meeting

Introduced

March 29, 2016

On agenda

April 25, 2016