SECOND AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR PRADERA RECOMMENDATION: ADOPT RESOLUTION NO. 16-1753 APPROVING THE SECOND AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR PRADERA REGARDING THE DEVELOPMENT OF AN APPROXIMATE 160.4 ACRE PARCEL GENERALLY LOCATED AT THE NORTHWEST CORNER OF CITRUS ROAD AND LOWER BUCKEYE PARKWAY; PROVIDING FOR AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF RESOLUTION AND THE SECOND AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR PRADERA; AND PROVIDING FOR AN EFFECTIVE DATE. PURPOSE: The purpose of this item is to review and approve the Second Amended & Restated Development Agreement for Pradera related to the development of Pradera, 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