SECOND AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR PASEO PLACE PARCEL 2 RECOMMENDATION: ADOPT RESOLUTION NO.16-1757 APPROVING THE SECOND AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR PASEO PLACE PARCEL 2 REGARDING THE DEVELOPMENT OF AN APPROXIMATE 80 ACRE PARCEL GENERALLY LOCATED AT THE SOUTHEAST CORNER OF YUMA ROAD AND THE 183RD AVENUE ALIGNMENT; 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 PASEO PLACE PARCEL 2; AND PROVIDING FOR AN EFFECTIVE DATE. PURPOSE: The purpose of this item is to review and approve the Second Amended & Restated Development Agreement for Paseo Place Parcel 2 related to the development of Paseo Place Parcel 2. 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

April 18, 2016

On agenda

August 22, 2016