AMENDED AND RESTATED DEVELOPMENT AGREEMENT FOR EL CIDRO RECOMMENDATION: ADOPT RESOLUTION 16-1769 APPROVING AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR EL CIDRO REGARDING THE DEVELOPMENT OF APPROXIMATELY 336 ACRES GENERALLY LOCATED WEST OF 169TH AVENUE, EAST OF CITRUS ROAD, SOUTH OF LOWER BUCKEYE ROAD AND NORTH OF BROADWAY ROAD, PROVIDING AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF RESOLUTION AND THE AMENDED & RESTATED DEVELOPMENT AGREEMENT FOR EL CIDRO; AND PROVIDING FOR AN EFFECTIVE DATE. PURPOSE: The purpose of this item is to review and approve the Amended & Restated Development Agreement for El Cidro related to the development of El Cidro, which is to replace and supersede a development agreement that has since expired. 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, Director of Engineering)

Committee

City Council Regular Meeting

Introduced

June 8, 2016

On agenda

June 13, 2016

Passed

June 13, 2016