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HomeMy WebLinkAboutResolution 2005-110 development agreement regarding fianchetto farms MARANA RESOLUTION NO. 2005-110 RELATING TO DEVELOPMENT; APPROVING AND AUTHORIZING THE EXECUTION OF A DEVELOPMENT AGREEMENT WITH FIANCHETTO PARTNERS AND FIDELITY NATIONAL TITLE CO. TRUST NO. 60,208, REGARDING THE FIANCHETTO FARMS PROJECT. WHEREAS, Fianchetto Partners proposes to develop property located in the Town limits as a residential development called Fianchetto Farms; and WHEREAS, the Town and Fianchetto Partners desire that the project be developed in a manner consistent with the development regulations that now apply to the property, as amplified and supplemented by the development agreement; and WHEREAS, the Mayor and Council find that the terms and conditions of the Fianchetto Partners development agreement will result in planning and economic benefits to the Town and its residents. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, that the development agreement between the Town of Marana and Fianchetto Partners, attached to and incorporated by this reference in this resolution as Exhibit A is hereby approved, and the Mayor is hereby authorized to execute it for and on behalf of the Town of Mar ana. BE IT FURTHER RESOLVED that the Town's Manager and staff are hereby directed and authorized to undertake all other and further tasks required or beneficial to carry out the terms, obligations, and objectives of the aforementioned agreement. PASSED AND ADOPTED BY THE MAYOR AND COUNCIL F THE TOWN OF MARANA, ARIZONA, this 16th day of August, 2005. ATTEST: {OOOOl108.DOC I} ~ ~,"" """~ ~ OF ~ S~~"'t1""",,~ ~ ::: E/cOR.PORATf ~ ~ = E coo = - - =SEAL'" - :; '\.~. I:; ~ ~ ~ S; ~ "f ~"'''"'''\~ ~ ~ Ii,Z '\C!"~ ~/lllill'\\~ FJClcds 8/10/05 F. ANN RODRIGUEZ, RECORDER RECORDED BY: K 0 DEPUTY RECORDER 1861 PEl SMARA TOWN OF MARANA ATTN: TOWN CLERK 11555 W CIVIC CENTER DR MARANA AZ 85653 I DOCKET: 12624 PAGE: 2871 NO. OF PAGES: 16 SEQUENCE: 20051650918 08/25/2005 AG 13:46 MAIL AMOUNT PAID $ 13.50 TOWN OF MARANA FIANCHETTO FARMS DEVELOPMENT AGREEMENT ~" It?l 'll,~, W'"'' 11:11 ::;;~; 'It~ ~!~ ~~: ;~:'3 I":~~ :1, FIANCHETTO FARMS DEVELOPMENT AGREEMENT TOWN OF MARANA, ARIZONA THIS DEVELOPMENT AGREEMENT ("this Agreement") is made by and between the TOWN OF MARANA, an Arizona municipal corporation (the "Town"), THE FIANCHETTO PARTNERS, an Arizona limited liability company (the "Owner"), and FIDELITY NATIONAL TITLE as Trustee under Trust No. 60,208 (the "Trust"). The Owner and the Trust are collectively referred to as the "Developer." The Town and the Developer are collectively referred to in this Agreement as the "Parties," each of which is sometimes individually referred to as a "Party." RECITALS General Background A. The Developer owns approximately 29.52 acres land located in the Town limits, as legally described on the deed recorded July 5, 2005 in the office of the Pima County Recorder beginning at Docket 12587, Page 2970 (the "Property"). B. The Developer proposes to develop the Property as a residential development called Fianchetto Farms (the "Project"). C. The Developer and the Town desire that the Project be developed in a manner consistent with the development regulations that now apply to the Property, as amplified and supplemented by this Agreement. D. The Town and the Developer acknowledge that the development of the Property pursuant to this Agreement will result in planning and economic benefits to the Town and its residents. E. The Developer has made and by this Agreement will continue to make a substantial commitment of resources for public and private improvements on the Property. F. The Parties understand and acknowledge that this Agreement is a "Development Agreement" within the meaning of, and entered into pursuant to the terms of, A.R.S. ~ 9-500.05. Land Use Background G. The following are among the development regulations that now apply to the Property (collectively, the "Development Regulations"): i) The Northwest Marana Area Plan ("NMAP") ii) The conditions of Town rezoning case number PCZ-02065 (the "Rezoning"), approved August 19, 2003 by Ordinance 2003.19 and recorded in the Pima County Recorder's office at Docket 12322, Page 1336. iii) Conditions of the preliminary plat for Fianchetto Farms (the "Preliminary Plat"), approved by the Town Council on August 16,2005. iv) The Marana Development Code (including the written rules, regulations, procedures, and other policies relating to development of land, whether adopted by the Mayor and {OOOOll04.DOC /6} FIANCHETTO FARMS DEVELOPMENT AGREEMENT - 1 - 8/16/20057:44 PM FIC Exhibit A to Marana Resolution No. 2005-110 ji" ::;;~: II~:JI ':'l ,It.", 'i~t ~i 2 t;i '7 ~.~! ,j"F~' Councilor by Town Staff) (collectively the "Marana Development Code"), establishing, among other things, the type of land uses, location, density and intensity of such land uses, and community character of the Property, and providing for, among other things, the development of a variety of housing, commercial and recreation/open space opportunities. H. This Agreement is consistent with the portions of the Town's General Plan applicable to the Property. Water Background 1. The provisions of this Agreement relating to water service are entered into and authorized by Title 14 of the Marana Town Code as it may be amended from time to time (the "Marana Municipal Water Code"). J. The Developer desires for the Town to provide water service to the Project. K. To secure water service from the Town for the Project, the Developer proposes to in-stall those certain water infrastructure improvements referred to in this Agreement as the "Developer- Installed Water Facility." L. The required plans, specifications, and materials for the Developer-Installed Water Facility have been approved by the Town. M. The Developer desires that the Town take ownership of, operate, and service the Developer-Installed Water Facility N. The Town is willing to accept the Developer-Installed Water Facility and permit it to be connected to the Town water system provided it meets Town standards and the work is done in accordance with Town requirements. Development Impact Fees Background O. The Town has adopted certain development impact fees for roads and regional parks, and anticipates adopting a gravity storage and renewable resource development impact fee and a water system infrastructure development impact fee, pursuant to A.R.S. g 9-463.05. P. The Developer will be entitled to credit pursuant to A.R.S. g 9-463.05(B)(3) toward the payment of the Town's adopted development impact fees based on the required dedication of lands and improvements for public regional parks, arterial roadways, water gravity storage and renewable water resources and water system capacity infrastructure provided or to be provided by the Developer in connection with the development of the Project. Q. The Parties desire to memorialize their agreement concerning the amount of the development impact fee credit applicable to the Project, based on anticipated developer-financed infrastructure. AGREEMENT Now, THEREFORE, in consideration of the foregoing premises and the mutual promises and agreements set forth in this Agreement, the Parties hereby agree as follows: Article 1. Development Plans. 1.1. Development review. The Property shall be developed in a manner consistent with the development regulations that now apply to the Property and this Agreement, which together establish the basic land uses, and the densities, intensities and development regulations that apply {00001104.DOC / 5} FIANCHETIO FARMS DEVELOPMENT AGREEMENT - 2 - 8/16/20057:44 PM FJC :11.. ~~~: E:ii 11"'11 ~d:", ~:I. l~;ll ~"'Il ";:~, ~::J I"~:~' u~ , 3; to the land uses authorized for the Property. Upon the Developer's compliance with the applicable development review and approval procedures and substantive requirements of the development regulations that now apply to the Property, the Town agrees to issue such permits or approvals for the Property as may be requested by the Developer. 1.2. Zoning and plat conditions. The Developer agrees to fulfill all conditions outlined in the Development Regulations. 1.3. Special Proiect character. An individual identity for the project and consistency with the Northwest Marana Area Plan shall be fostered by the use of special landscape and design treatments at project entry ways and perimeter walls. 1.4. Guest parking. If on-street parking is limited or prohibited, no fewer than one space per dwelling unit guest parking shall be provided throughout the Project. 1.5. Avigation easement and noise attenuation. Developer shall record an avigation easement and shall provide noise attenuation as part of the design and construction of homes in the Project so that a maximum interior noise level of 45 decibels is achieved within each home. 1.6. Determination of no hazard to air navigation. Those portions of the Property located within 20,000 feet (3.8 miles) of Marana Northwest Regional Airport shall submit an FAA-7460 form to the Federal Aviation Administration and receive a "Determination of No Hazard to Air Navigation" from the Federal Aviation Administration before any construction or alteration of greater height than an imaginary surface extending outward and upward at a 100 to 1 slope for a horizontal distance of20,000 feet from the nearest point of the nearest runway of the Airport. 1.7. Archaeological/historic resources. Development of the Property shall meet all Town requirements set forth in Title 2 and Title 20 of the Marana Development Code related to Archeological and Historic Resources. 1.8. Site built construction and building permits. All construction on any portion of the Property, whether sold in bulk or individually, whether subdivided or not, shall be site built and shall require building permits. 1.9. Compliance with residential design standards. All residential construction on any portion of the Property shall be constructed in accordance with the August 5, 2005 draft of the residential design standards until Town residential design standards have been adopted and have gone into effect. Article 2. Water. 2.1. Conversion of irrigation water rights. Within sixty days after the effective date of this Agreement or sixty days after the Property ceases to be used for farming, whichever occurs last, the Developer shall convert all irrigation water rights for the Property to Type I non-irrigation water rights. 2.2. Transfer of water rights to the Town. Within sixty days after approval of the final plat for the Project, the Developer shall transfer to the Town, in a manner prescribed by the Arizona Department of Water Resources, all water rights on lands dedicated to the Town. On lands not dedicated to the Town, the Developer shall transfer extinguishment credits to the Town, in a manner prescribed by the Arizona Department of Water Resources, upon request by the Town. 2.3. Water service. The Town shall provide a designation of assured water supply and water service to the Property. {00001104.DOC / 5} FIANCHETTO FARMS DEVELOPMENT AGREEMENT - 3 - 8/16/20057:44 PM FJC l. J""I, I!l!~:" IEi' ~;:~: "~:i, ~;II "') <Ill!,,: l~;l "i' ,~l 2.4. Irrigation system. In compliance with the Northwest Marana Area Plan, the Developer shall develop and construct a secondary non-potable irrigation system, dedicated to the Town, to distribute irrigation water to common areas, parks, roadway landscaping areas and each individual lot throughout the Property. If approved in writing by the Town Manager, the secondary non-potable irrigation system may be modified to serve only common areas, parks, roadway landscaping areas and similar areas of the Property. 2.5. Cortaro Marana Irrigation District ("CMID"). The Developer will work with CMID to enter into a formal agreement concerning the construction and maintenance of necessary irrigation systems and well sites to perpetuate CMID's ability to serve its customers, including without limitation any necessary under-grounding of CMID canals at the Developer's cost. Potential buyers shall be notified that the Property is subject to taxation by CMID. 2.6. Fair-share water delivery infrastructure contribution. The Developer shall pay its fair share of the costs of water projects that directly serve the Property, currently estimated to total $86,273.00, determined as follows: 2.6.1. 9.97% of the total cost of the Civic Center Loop water main project. 2.6.2.9.97% of the total cost of the Ora Mae Ham Park to Lon Adams water main project. 2.6.3. 9.97% of the total cost of the sixteen-inch water main from Civic Center Loop to Clark Farms Boulevard to Sandario Road. 2.6.4. 14.96% of the total cost of the sixteen-inch water main in Clark Farms Boulevard from Sandario Road to the eastern boundary of the west half of Section 28, Township 11 South, Range 11 East, Gila and Salt River Base and Meridian. 2.7. General provisions relating to water service 2.7.1. Developer installation of the Developer-Installed Water Facility. The Developer has designed and shall install, at Developer's own expense, the water infrastructure improvements necessary to serve the Project in accordance with water plans submitted to and approved by the Town of Marana Water Utility (the "Facility Plan"). The water infrastructure improvements to be depicted on the Facility Plan are referred to in this Agreement as the "Developer-Installed Water Facility," and shall conform to the design standards of the City of Tucson Water Department and the Town of Marana Municipal Water Code and special specifications and details as approved by the Town and by this reference made a part of this Agreement. The Facility Plan shall include a plan note identifying the Developer-Installed Water Facility as a new water facility and shall show any and all alterations to the existing water system. Construction and installation of the Developer-Installed Water Facility in accordance with the Facility Plan, including without limitation all labor, materials, equipment, supplies, and tools required for the construction and installation, is referred to in this Agreement as the "Water Work." 2.7.2. Description of the Developer-Installed Water Facilitv. At a mInImUm, the Developer-Installed Water Facility shall include all of the following: 2.7.2.1. All water infrastructure required to distribute and serve water within the Property. 2.7.2.2. The extension of the sixteen-inch water main in Clark Farms Boulevard from the eastern boundary of the west half of Section 28, Township 11 South, Range 11 East, {00001104.DOC / 5} FIANCHETTO FARMS DEVELOPMENT AGREEMENT - 4 - 8/16/20057:44 PM FJC 1 J"~! ",.;, II'"'" ij''"'11 ,,~! 411::" ,:1 l!JI '''J! ,~~, ;~"'l '~~, ~.'"' :,:1' Gila and Salt River Base and Meridian to the existing eight-inch water main in Sanders Road. The Developer shall coordinate with the developer of the Payson Farms development regarding the construction and fair-share costs of this segment of water infrastructure. 2.7.2.3. An eight-inch water main connection to the sixteen-inch water main described in the preceding paragraph, extending through all streets in the Project, and looping into the Honea Heights water system via eight-inch interconnects south of Moore Road in a minimum of two locations. To the extent the eight-inch connection to the sixteen-inch water main described in the preceding paragraph is located on the Payson Farms project, the Developer shall coordinate with the developer of the Payson Farms development regarding the construction and fair-share costs. 2.7.3. Water Work by licensed contractor. The Water Work shall be performed by a contractor properly licensed by the State of Arizona as determined by the Arizona Registrar of Contractors. In addition to any other contractor's license classifications required by the Arizona Registrar of Contractors, the contractor shall hold contractor's license classifications A, A-12 and A-16. 2.7.4. Luml'-sum connection fee payment. Before any service connections are made from the Town's water system to the Developer-Installed Water Facility, the Developer shall pay to the Town a lump-sum payment of $98,496.00 for Developer's fair-share non-participating connection fees (calculated based on 114 lots at $864.00 per lot) and any other fees required by the Marana Municipal Water Code. 2.7.5. Installation charges. In addition to the lump-sum connection fee payable pursuant to paragraph 2.7.4 above, the Developer or its successor in interest shall pay the then- applicable installation charges for all water service connections. Under Town Code Section 14-7-2, the total charge for each five-eighths-inch water meter to be installed on the Property is currently $900.00. 2.7.6. Developer-Installed Water Facility acceptance by Town. No service connections shall be made from the Town's water system to the Developer-Installed Water Facility until the Developer-Installed Water Facility has been accepted by the Town in accordance with the Marana Municipal Water Code. 2.7.7. Frontage requirement. Any property connecting onto a water main shall have a minimum of fifteen feet of frontage on that main. A water easement or other utility easement shall not constitute frontage for purposes of this paragraph. 2.7.8. Meter application requirements. A meter application will be accepted only if the property to be served fronts the waterline. Only one water meter application will be allowed per legal description unless the property owner can provide the Town with plans indicating the type of improvement or development taking place on the land that justifies more than one meter. If any portion of the property served by the water meter is sold, the owner of the portion of land that fronts the water main shall have all rights associated with the water meter unless other arrangements are made with and approved by the Town of Marana Water Utility prior to the sale. 2.7.9. Developer's certification. By execution of this Agreement, Developer certifies that it shall comply with the Facility Plan and all other specifications applicable to the Water {00001104.DOC / 5} FIANCHETIO FARMS DEVELOPMENT AGREEMENT - 5 - 8/16/20057:44 PM FJC t 11""it "~:~ IEj, Ij'''~1 ,Hl~, li~t 11\;'" ~",M "~:J' "u'", ~:::~ l'~;~~ b Work and agrees with and approves the location of all service lines as depicted on the Facility Plan. 2.7.10. Termination for lack of Water Work. Approval of the Facility Plan shall lapse if more than one year has passed since the date of the Facility Plan's approval and the Water Work has not begun, or if the Water Work is discontinued for a period of one year. 2.8. Engineering and Inspection of Water Work 2.8.1. Registered civil engineer. The Developer shall employ a registered civil engineer to design, layout, establish control lines for and certify the layout of the Water Work according to the Facility Plan. 2.8.2. Town inspector's authority. Any inspector authorized by the Town shall have full inspection authority over the Water Work. 2.8.3. Inspection provisions. The Developer shall furnish the Town's inspector with all facilities reasonably necessary to inspect the Water Work. The Water Work shall be subject to Town inspection at all times. Defective Water Work shall be corrected in a manner satisfactory to the Town's inspector. Inspection by the Town is for the purpose of ensuring compliance with plans and specifications only. The Town makes no guarantee as to the safety or engineering soundness of plans prepared by Developer or any contractor. 2.8.4. Payment of Town inspector's overtime cost. If scheduling by Developer's contractor reasonably requires the Town's inspector to work overtime, the Developer or Developer's contractor shall pay the Town for any additional salaries, expenses or employee benefits relating to the overtime. For purposes of this paragraph, overtime is any time over forty hours worked in a seven-day work period, any time over eight hours worked Monday through Friday, and any time worked on weekends and legal holidays observed by the Town. 2.9. Preconstruction procedure for Water Work 2.9.1. Request to begin construction. The Developer shall submit a written request to begin construction to the Town five working days before the Water Work is to commence. 2.9.2. Construction permit. A construction permit for the Water Work shall not be issued prior to the effective date ofthis Agreement. 2.9.3. Start and completion of the Water Work. No portion of the Water Work shall begin until the Town has issued a construction permit specifying the starting date and a reasonable time for completion. 2.9.4. Progress of the Water Work. The Water Work shall be commenced and carried on at such points and in such order as may be directed by the Town. 2.9.5. Materials sampling and testing. Materials shall be available for sampling and testing by the Town prior to being used in the Water Work. Materials that fail to meet Town specification shall be removed from the site. 2.9.6. Permits and approvals. The Developer shall, at Developer's expense, obtain all necessary permits and licenses for the Water Work, pay all fees and comply with all laws, ordinances and regulations relating to the Water Work. 'I ,I, tl"~i ..~~: bl ;;~: tl l;~1 f!"'~l .t:I> ;~:il ',."~ i "'ji' {00001104.DOC 15} FIANCHETTO FARMS DEVELOPMENT AGREEMENT - 6- 8/16/20057:44 PM FJC 2.10. Construction of Water Work 2.10.1. Developer's presence on site. The Developer, or Developer's designated agent, shall be present at all times during performance of the Water Work. The name of the Developer's designated agent and the contractor performing the Water Work shall be furnished to the Town before the Water Work begins. Instructions given by the Town to the designated agent shall be deemed to have been given to the Developer. 2.10.2. Competence and diligence. The Developer shall employ only competent and efficient laborers, mechanics or artisans on the Water Work, and the Developer agrees to perform the Water Work diligently to complete the Water Work on or before the completion date given in the notice to proceed. 2.10.3. Paving. The Developer shall identify and locate all water valves prior to paving and set valve boxes to final grade after paving. 2.10.4. Alterations to the existing Town water system. The Developer shall, at Developer's expense, make any and all alterations to the existing water system either on-site or off-site necessitated by paving, drainage, or other improvements caused by the development of the Property. 2.10.5. Worksite safety. The Developer shall require all contractors and subcontractors performing any portion of the Water Work to comply with all safety requirements of the Occupational Safety and Hazards Act as set forth by the Federal Government and as implemented by the State of Arizona. The Developer or its contractors shall be solely responsible for all fines or other penalties provided for by law for any violations of the Occupational Safety Hazards Act. 2.11. Dedication of the Developer-Installed Water Facility 2.11.1. Transfer of the Developer-Installed Water Facility to the Town. Upon the Town's final acceptance of the W ater Work, the Developer shall at no cost grant, bargain, sell, convey, transfer and deliver to the Town the Developer-Installed Water Facility free and clear of all liens, claims, charges or encumbrances. 2.11.2. Two-year warranty. The Developer guarantees the Water Work to be free from all failures due to poor workmanship or materials for a period of two years from the date of the Town's final acceptance of the Water Work. 2.11.3. Other conflicting construction prohibited. The Developer shall not construct or allow the construction of any utility, building, or other improvement that would interfere with the operation or maintenance of the Developer-Installed Water Facility. 2.11.4. Developer's obligation to maintain finished grade. The Developer guarantees that all service lines, meters, and meter boxes on the Property will be to finished grade and that Developer will remain responsible for raising or lowering said services as required until the Property is fully developed. 2.11.5. Acceptance by the Town. The Town shall accept title to and take possession of the Developer-Installed Water Facility when the Water Work has been completed to the satisfaction of the Town. Subject to the Developer's continuing obligations under this Agreement, the Town shall operate and service the Developer-Installed Water Facility after taking over possession of it under this paragraph. {00001104.DOC / 5} FIANCHETTO FARMS DEVELOPMENT AGREEMENT - 7 - 8/16/20057:44 PM FJC 1 lI"'ji .~:~, ~5, 2 u!::i, ~:li "~), ,~~:' ,~:::::I '''I' ;f,:i Article 3. Other Public Facilities and Infrastructure Requirements. 3.1. Wastewater. The Developer shall construct the necessary sewer system to serve the Property. The sewer system shall be in conformance with, and subject to, the requirements of Pima County Wastewater Management and the Town, and shall be designed and constructed at sole cost of the Developer. 3.2. Onsite private recreational facilities. Within each platted block or parcel, private recreational facilities shall be constructed on a site of not less than 185 square feet per residential unit. Site and facility design shall be approved by the Town Parks & Recreation Director and Planning Director. 3.3. Roadway improvements: The Developer shall construct to Town specifications right- turn lanes on westbound Moore Road at all Project entrances as recommended in the traffic impact analysis prepared for the Project. 3.4. School facility contribution. The Owner or its assignee shall contribute $1,200 per residential unit ("School Fee") due and payable to the Marana Unified School District upon the issuance of the residential building permit. In the event that the Town or the Marana Unified School District adopts an impact fee for schools in the future, the School Fee shall be credited to such future fees. 3.5. Bank protection. In compliance with condition 17 of the Rezoning and Town Ordinance No. 99.02, Developer shall pay $500.00 per acre of affected Property for bank protection. The total obligation of Developer for the Project is $14,760 ($500 x 29.52 affected acres). Payment shall be made prior to the release of subdivision assurances for any portion of the Property. 3.6. Compliance with state and federal laws and regulations. No approval, permit or authorization of the Town authorizes the Developer to violate any applicable federal or state laws or regulations, or relieves the Developer from the responsibility to ensure compliance with all applicable federal and state laws and regulations, including but not limited to the Endangered Species Act and Clean Water Act. Article 4. Infrastructure Financing 4.1. Responsibility for financing infrastructure improvements. Upon request of the Developer, the Town staff shall process any request for a community facilities district ("CFD") pursuant to A.R.S. ~ 48-701, et seq. and the Town's Guidelines for Establishment of Community Facilities Districts, and the Town Council shall reasonably consider such request for a CFD. Article 5. Development Impact Fees and Credits 5.1. General provisions applicable to the determination of all development impact fees and credits. 5.1.1. Total lots. The total number of residential lots anticipated to be constructed in connection with the development of the Project is 114. 5.1.2. Recalculation of credits based on revised lot total. The development impact fee credits calculated in this Article 5 shall be recalculated based on the actual number of lots shown on final subdivision plat for the Project. 5.1.3. Actual construction and dedication as condition of credit. The credit against development impact fees calculated in accordance with this Article 5 shall apply only to the extent the Developer's construction and dedication or transfer of rights to the Town as {00001104.DOC / 5} FIANCHETTO FARMS DEVELOPMENT AGREEMENT - 8 - 8/16/20057:44 PM FJC 1 ':')1 I~:: b, r~l 'f~:'" ,11 f~ :2: :Ii:~l ItI:#~i~] anticipated in the calculation of the credit has been completed or is in progress to the reasonable satisfaction ofthe Town. 5.1.4. Future fee revisions. If the Town amends its development impact fees applicable to the Project, the fee per lot shall be the then-applicable fee minus the credit per lot calculated for that particular fee in this Article 5. 5.1.5. Future impact fees. If the Town adopts an impact fee not addressed in this Article 5 for the same infrastructure for which Developer has contributed land or made improvements or paid a voluntary fee pursuant to this Agreement, Developer shall be entitled to a credit for such contributions as set forth in A.R.S. S 9-463.05, and the credit shall be calculated in a manner consistent with the development impact fee credits set forth in this Article 5. 5.2. Arterial roadwav development impact fees and credits. 5.2.1. Total value. The total value of arterial roads provided by the Developer to the Town in connection with the development of the Project is $63,000.00, which is the estimated fair market value of the approximately 2.1 acres of Moore Road right-of-way to be dedicated by the Developer as part of the Project. 5.2.2. Credit per lot. The credit against the Town's arterial roadway development impact fees is $553.00 per lot. 5.2.3. Current fee. As of the date of this Agreement, the Town's arterial roadway development impact fee that would apply to the Project before the credit is $5,941.00. Subtracting the $553.00 credit, the current arterial roadway development impact fee for the Project is $5,388.00 per lot. of dedication. 5.3. Regional park development impact fees. 5.3.1. Current fee. As of the date of this Agreement, the Town's regional park development impact fee applicable to the Project is $2,884.00. The Developer is not providing any lands or improvements toward the Town's regional parks, and is not entitled to any credits against the Town's regional park development impact fees. 5.4. Gravity storage and renewable resource development impact fees. 5.4.1. Current fee. As of the date of this Agreement, the Town does not have a gravity storage and renewable resource development impact fee. However, the Town is currently in the process of considering the adoption of a gravity storage and renewable resource development impact fee. The Developer is not providing any lands or improvements toward the Town's gravity water storage system or renewable water resources, and will not be entitled to any credits against a Town gravity storage and renewable resource development impact fee, if it is adopted. 5.5. Water system infrastructure development impact fees. 5.5.1. Total value. Developer is not providing any lands or improvements toward the Town's water system capacity infrastructure. However, the lump-sum connection fee payment of $98,496.00 provided in paragraph 2.7.4 above is intended to fund water system capacity infrastructure. 5.5.2. Credit per lot. The credit against the Town's water system infrastructure development impact fee is $864.00 per lot. {00001104.DOC / 5} FIANCHETTO FARMS DEVELOPMENT AGREEMENT - 9 - 8/16/20057:44 PM FJC 1 ~"'Jl It:" Ii:::;; II"'~} ,~': 1:1 ~:~I ;1':1' ,g", ":~'t :1='::1 l~1 5.5.3. Current fee. As of the date of this Agreement, the Town does not have a water system infrastructure development impact fee. However, the Town is currently in the process of considering the adoption of a water system infrastructure development impact fee. If a Town water system infrastructure development impact fee is adopted in the future, the Project will be entitled to a credit of $864.00 per lot against the adopted Town water system infrastructure development impact fee. Article 6. Cooperation and Alternative Dispute Resolution. 6.1. Appointment of representatives. To further the commitment of the Parties to cooperate in the progress of the Development, the Town and the Developer each shall designate and appoint a representative to act as a liaison between the Town and its various departments and the Developer. The initial representative for the Town (the "Town Representative") shall be the Development Services Administrator, and the initial representative for the Developer shall be Doug Noll or a replacement to be selected by the Developer. The representatives shall be available at all reasonable times to discuss and review the performance of the Parties to this Agreement and the development of the Property. 6.2. Timing. The Town acknowledges the necessity for prompt review by the Town of all plans and other materials (the "Submitted Materials") submitted by the Developer to the Town hereunder or pursuant to any zoning procedure, permit procedure, or other governmental procedure pertaining to the development of the Property and agrees to use its best efforts to accomplish such prompt review of the Submitted Materials whenever possible. 6.3. Default; remedies. If either Party defaults (the "Defaulting Party") with respect to any of that Party's obligations under this Agreement, the other Party (the "Non-Defaulting Party") shall be entitled to give written notice in the manner prescribed in Article 8 to the Defaulting Party, which notice shall state the nature of the default claimed and make demand that such default be corrected. The Defaulting Party shall then have (i) twenty days from the date of the notice within which to correct the default ifit can reasonably be corrected by the payment of money, or (ii) thirty days from the date of the notice to cure the default if action other than the payment of money is reasonably required, or if the non-monetary default cannot reasonably be cured within sixty days, then such longer period as may be reasonably required, provided and so long as the cure is promptly commenced within sixty days and thereafter diligently prosecuted to completion. If any default is not cured within the applicable time period set forth in this paragraph, then the Non-Defaulting Party shall be entitled to begin the mediation and arbitration proceedings set forth in paragraphs 6.4 and 6.5 below. The Parties agree that due to the size, nature and scope of the Development, and due to the fact that it may not be practical or possible to restore the Property to its condition prior to Developer's development and improvement work, once implementation of this Agreement has begun, money damages and remedies at law will likely be inadequate and that specific performance will likely be appropriate for the enforcement of this Agreement. This paragraph shall not limit any other rights, remedies, or causes of action that either party may have at law or in equity. 6.4. Mediation. If there is a dispute under this Agreement which the Parties cannot resolve between themselves, the Parties agree that there shall be a forty-five day moratorium on arbitration during which time the Parties agree to attempt to settle the dispute by nonbinding mediation before commencement of arbitration. The mediation shall be held under the commercial mediation rules of the American Arbitration Association. The matter in dispute shall be submitted to a mediator mutually selected by Developer and the Town. If the Parties cannot {OOOOII04.DOC IS} FIANCHETIO FARMS DEVELOPMENT AGREEMENT - 10 - 8/16120057:44 PM FJC 1 :~;~: ~::i; :~~~ ,!\1, l~JI ::2; :t:::l :E:l I,: agree upon the selection of a mediator within seven days, then within three days thereafter the Town and the Developer shall request the presiding judge of the Superior Court in and for the County of Pima, State of Arizona, to appoint an independent mediator. The mediator selected shall have at least five years' experience in mediating or arbitrating disputes relating to real estate development. The cost of any such mediation shall be divided equally between the Town and the Developer. The results of the mediation shall be nonbinding on the Parties, and any Party shall be free to initiate arbitration after the moratorium. 6.5. Arbitration. After mediation (paragraph 6.4 above) any dispute, controversy, claim or cause of action arising out of or relating to this Agreement shall be settled by submission of the matter by both Parties to binding arbitration in accordance with the rules of the American Arbitration Association and the Arizona Uniform Arbitration Act, A.R.S. ~ 12-501 et seq., and judgment upon the award rendered by the arbitrator(s) may be entered in a court having jurisdiction. Article 7. Protected Development Rights To ensure reasonable certainty, stability and fairness to the Developer and the Town for a reasonable period of time, the Developer and the Town agree that the zoning designations, uses, and densities that now apply to the Property, as amended by this Agreement, shall remain in effect and shall not be changed for a period of five years after the execution of this Agreement without the agreement of the Developer. Article 8. Notices and Filings. All notices, filings, consents, approvals and other communications provided for in or given in connection with this Agreement shall be validly given, filed, made, transmitted or served if in writing and delivered personally or sent by registered or certified United States mail, postage prepaid, if to (or to such other addresses as any Party may from time to time designate in writing and deliver in a like manner): To the Town: TOWN OF MARANA Town Manager 13251 N. Lon Adams Road Marana, Arizona 85653 To the Developer: THE FIANCHETTO PARTNERS, LLC Patrick K O'Hagin, Manager 2225 E. Fort Lowell Road Tucson, Arizona 85719 I, ::~~~l Eji ~:~ .:I 1~;Jl "-:J' :1~i i::', I~;~: Article 9. General Terms and Conditions. 9.1. Term. This Agreement shall become effective upon its execution by all the Parties and the effective date of the resolution or action of the Town Council approving this Agreement (the "Effective Date"). The term of this Agreement shall begin on the Effective Date and, unless sooner terminated by the mutual consent of the Parties, shall automatically terminate and shall thereafter be void for all purposes on the twentieth anniversary of the Effective Date. If the Parties determine that a longer period is necessary for any reason, the term of this Agreement {00001104.DOC / 5} FIANCHETIO FARMS DEVELOPMENT AGREEMENT - 11 - 8/16/20057:44 PM FIC may be extended by written agreement of the Parties. The Developer shall be entitled to terminate this Agreement if the Town materially impairs the development entitlements on the Property granted by this Agreement. 9.2. Waiver. No delay in exercising any right or remedy shall constitute a waiver of that right or remedy, and no waiver by the Town or the Developer of the breach of any covenant of this Agreement shall be construed as a waiver of any preceding or succeeding breach of the same or any other covenant or condition of this Agreement. 9.3. Attorney's fees. If any Party brings a lawsuit against any other Party to enforce any of the terms, covenants or conditions of this Agreement, or by reason of any breach or default of this Agreement, the prevailing Party shall be paid all reasonable costs and reasonable attorneys' fees by the other Party, in an amount determined by the court and not by the jury. 9.4. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The signature pages from one or more counterparts may be removed from such counterparts and such signature pages all attached to a single instrument so that the signatures of all Parties may be physically attached to a single document. 9.5. Headings. The descriptive headings of this Agreement are intended to be used to assist in interpreting the meaning and construction of the provisions of this Agreement. 9.6. Recitals. The Recitals set forth at the beginning of this Agreement are hereby acknowledged and confirmed to be accurate. 9.7. Exhibits. Any exhibit attached to this Agreement shall be deemed to have been incorporated in this Agreement by reference with the same force and effect as if fully set forth in the body of this Agreement. 9.8. Further acts. Each of the Parties shall execute and deliver all documents and perform all acts as reasonably necessary, from time to time, to carry out the matter contemplated by this Agreement. Without limiting the generality of the foregoing, the Town shall cooperate in good faith and process promptly any requests and applications for plat or permit approvals or revisions, and other necessary approvals relating to the development of the Property by the Developer and its successors. 9.9. Future effect. 9.9.1. Time essence and successors. Time is of the essence of this Agreement. All of the provisions of this Agreement shall inure to the benefit of and be binding upon the successors, assigns and legal representative of the Parties, except as provided in paragraph 9.9.2 below. Notwithstanding the foregoing, to the extent permitted by law, the Developer's rights under this Agreement may only be assigned by a written instrument, agreed to by all of the Parties and recorded in the Official Records of Pima County, Arizona, expressly assigning such rights, and no obligation of the Developer under this Agreement shall be binding upon anyone owning any right, title or interest in the Property unless such obligation has been specifically assumed in writing or unless otherwise required by law. The Town understands that the Developer may create one or more entities or subsidiaries wholly owned or controlled by the Developer for purposes of carrying out the development of the Property as contemplated in this Agreement, and the Town's consent to the Developer's assignment of its rights under this Agreement to such entities or subsidiaries shall not be withheld. In the {00001104.DOC / 5} FIANCHETTO FARMS DEVELOPMENT AGREEMENT - 12- 8/16/20057:44 PM FJC t ~~: Ii'''' o ~~ d ~li ~!l~ :~:::l e :.~]: event of a complete assignment by Developer of all rights and obligations of Developer under this Agreement, Developer's liability under this Agreement shall terminate effective upon the assumption of those liabilities by Developer's assignee, provided that the Town has approved the assignment to such assignee, which approval shall not unreasonably be withheld. 9.9.2. Termination upon sale to end purchaser or user. This Agreement shall terminate without the execution or recordation of any further document or instrument as to any lot which has been finally subdivided and individually (and not in "bulk") leased (for a period of longer than one year) or sold to the end purchaser or user and thereupon such lot shall be released from and no longer be subject to or burdened by the provisions of this Agreement. 9.10. No partnership and third parties. It is not intended by this Agreement to, and nothing contained in this Agreement shall, create any partnership, joint venture or other arrangement between the Developer and the Town. No term or provision of this Agreement is intended to, or shall be for the benefit of any person, firm, organization or corporation not a party to this Agreement, and no such other person, firm, organization or corporation shall have any right or cause of action under this Agreement. 9.11. Other instruments. Each Party shall, promptly upon the request of the other, have acknowledged and delivered to the other any and all further instruments and assurances reasonably request or appropriate to evidence or give effect to the provisions of this Agreement. 9.12. Imposition of duty bv law. This Agreement does not relieve any Party of any obligation or responsibility imposed upon it by law. 9.13. Entire agreement. This Agreement constitutes the entire agreement between the Parties pertaining to the subject matter of this Agreement. All prior and contemporaneous agreements, representation and understanding of the Parties, oral or written, are hereby superseded and merged in this Agreement. 9.14. Amendments to agreement. No change or addition shall be made to this Agreement except by a written amendment executed by the Parties. The Parties agree to cooperate and in good faith pursue any amendments to this Agreement that are reasonably necessary to accomplish the goals expressed in the Final Plat and Specific Plan as amended by this Agreement. Within ten days after any amendment to this Agreement, it shall be recorded in the office of the Pima County Recorder by and at the expense of the Party requesting the amendment. 9.15. Names and plans. The Developer shall be the sole owner of all names, titles, plans, drawings, specifications, ideas, programs, ideas, designs, and work products of every nature at any time developed, formulated or prepared by or at the instance of the Developer in connection with the Property or any plans; provided, however, that in connection with any conveyance of portions of the infrastructure as provided in this Agreement such rights pertaining to the portions of the infrastructure so conveyed shall be assigned to the extent that such rights are assignable, to the appropriate governmental authority. 9.16. Good standing: authority. The Developer represents and warrants to the Town that it is duly formed and validly existing under the laws of Arizona and is authorized to do business in the state of Arizona. The Town represents and warrants to the Developer that it is an Arizona municipal corporation with authority to enter into this Agreement under applicable state laws. {00001104.DOC / 5} FIANCHETTO FARMS DEVELOPMENT AGREEMENT - 13 - 8/16/20057:44 PM FJC 1 ~~: I!"'~l I~~; II ~li 11'"~'\i ,I~',,, :(::1 :';::1 '~'"" ./1 Each Party represents and warrants that the individual executing this Agreement on its behalf is authorized and empowered to bind the Party on whose behalf each such individual is signing. 9.17. Severability. If any provision of this Agreement is declared void or unenforceable, it shall be severed from the remainder of this Agreement, which shall otherwise remain in full force and effect. If a law or court order prohibits or excuses the Town from undertaking any contractual commitment to perform any act under this Agreement, this Agreement shall remain in full force and effect, but the provision requiring the act shall be deemed to permit the Town to act at its discretion, and if the Town fails to act, the Developer shall be entitled to terminate this Agreement. 9.18. Governing law. This Agreement is entered into in Arizona and shall be construed and interpreted under the laws of Arizona, and the Parties agree that any litigation or arbitration shall take place in Pima County, Arizona. Nothing in the use of the word "litigation" in the preceding sentence shall constitute a waiver of paragraph 6.5, requiring disputes to be resolved by binding arbitration. 9.19. Interpretation. This Agreement has been negotiated by the Town and the Developer, and no party shall be deemed to have drafted this Agreement for purposes of construing any portion of this Agreement for or against any party. 9.20. Recordation. The Town shall record this Agreement in its entirety in the office of the Pima County Recorder no later than ten days after it has been executed by the Town and the Developer. 9.21. No developer representations. Except as specifically set forth in this Agreement, nothing contained in this Agreement shall be deemed to obligate the Town or the Developer to complete any part or all of the development of the Property. 9.22. Approval. If any Party is required pursuant to this Agreement to give its prior written approval, consent or permission, such approval, consent or permission shall not be unreasonably withheld or delayed. 9.23. Force maieure. If any Party shall be unable to observe or perform any covenant or condition of this Agreement by reason of "force majeure," then the failure to observe or perform such covenant or condition shall not constitute a default under this Agreement so long as such Party shall use its best effort to remedy with all reasonable dispatch the event or condition causing such inability and such event or condition can be cured within a reasonable amount of time. "Force majeure," as used in this paragraph, means any condition or event not reasonably within the control of such party, including without limitation, "acts of God," strikes, lock-outs, or other disturbances of employer/employee relations; acts of public enemies; orders or restraints of any kind of government of the United States or any state thereof or any of their departments, agencies, or officials, or of any civil or military authority; insurrection; civil disturbances; riots; epidemics; landslides; lightning; earthquakes; subsidence; fires; hurricanes; storms; droughts; floods; arrests, restraints of government and of people; explosions; and partial or entire failure of utilities. Failure to settle strikes, lock-outs and other disturbances of employer/employee relations or to settle legal or administrative proceedings by acceding to the demands of the opposing Party or Parties, in either case when such course is in the judgment of and unfavorable to a Party shall not constitute failure to use its best efforts to remedy such a condition. 9.24. Conflict of interest. This Agreement is subject to A.R.S. S 38-511, which provides for cancellation of contracts in certain instances involving conflicts of interest. {OOOOI104.DOC / 5} FIANCHETTO FARMS DEVELOPMENT AGREEMENT - 14- 8/16/20057:44 PM FJC :l :;.~; IF::;; ~~;~: ~~l j.~ 2: ;llii ;~:::::i !I:i; IN WITNESS WHEREOF, the Parties have executed this Agreement as of the last date set forth below their respective signatures. TOWN: DEVELOPER: THE TOWN OF MARANA, an Arizona municipal corporation THE FIANCHETTO PARTNERS, an Arizona limited liability company &fit tC By: Patrick K O'Hagin, Manager ~(Iglo.s ~ ",J...: r;cL-1' y By: Ed Honea, Mayor g/~ 3> !tJ S- f I Date: Date: ~ FIDELITY NATIONAL TITLE as Trustee under Trust No. 60,208, 6WIoY -'btI.b "w7" ~~/..J&. By: J.u~ ~ ~ Martha L. Hill, Trust Officer Date: ~r /~ ~ ~ ATTEST: ssidy, To STATE OF ARIZoti.i County of Pima ) 7<~t~ The foregoing instrument was acknowledged before me on / t or . Sr; 2005 by Patrick K O'Hagin, Manager of THE FIANCHETTO PARTNERS, an A zona mited liability company, on behalf of the LLC. I ::ol ;-':-'~i::~~;-~;.a~ t- ;;;' ;'cii"A (~ ~. ,- - . ~) ~" "'~''''7;~ p~"C,~,"~~".~,~'::;;!; Pur 'v /.';.."']J'i?'" Lfl,UHH t. ,VlfI.R I li.k.l ~ ~~ (z'~":'~~.~:Tf~i~-\,:'~\ NOT/\RY PtH3UC .0 AP1Z0l'JA 9 ~~l t~d\~~~\01~}~}~!,j '~ el~v;i/"\ ,cc!ur'J,TY . I ~ .~ ,.,3", e,'" ",,,.",.,,,,, ,mo-,~ f~;:,~'-'-;i'-'~~-':~/ ' J...... ",.., .'" ",/ ~ .;":;'. i-': . \;'-' .... .It,nel :<D:0'1 The foregoing instrument was a~~;:::i~~~:~;~:-'-~e:;':~ /70::, 2005 by Martha L. Hill, Trust Officer of FIDELITY NATIONAL TITLE as Trustee under Trust No. 60,208. I.. r~ dr.,,, H "~I; ,1;1",. Ij~~. STATE OF ARIZONA) ss County of Pima ) T~~~ ~'~i "~P .,j;. Fl :l::::t u:~f, {00001104.DOC / 5} FIANCHETTO FARMS DEVELOPMENT AGREEMENT - 15 - 8/16/20057:44 PM FJC