HomeMy WebLinkAboutResolution 2009-132 retail development tax incentive agreement for the Marana Mercantile DevelopmentMARANA RESOLUTION N0.2009-132
RELATING TO DEVELOPMENT; ADOPTING A NOTICE OF INTENT TO ENTER INTO A
RETAIL DEVELOPMENT TAX INCENTIVE AGREEMENT FOR THE MARANA
MERCANTILE DEVELOPMENT PROJECT PROPOSED TO BE LOCATED SOUTHWEST
OF INTERSTATE 10 AT THE NORTHWEST CORNER OF MARANA AND SANDARIO
ROADS
WHEREAS Town staff is completing its negotiations with respect to the terms of a
proposed retail development tax incentive agreement for the Marana Mercantile development
project, to be located southwest of Interstate 10 at the northwest corner of Marana and Sandario
Roads; and
WHEREAS A.R.S. § 9-500.11(K) requires a city or town to adopt a notice of intent to
enter into a retail development tax incentive agreement at least 14 days before approving .the
agreement; and
WHEREAS Town staff anticipates that it will bring the proposed Marana Mercantile
development agreement to Town Council for its consideration at the September 15, 2009
meeting.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
TOWN OF MARANA, ARIZONA, that the Town of Marana hereby adopts this notice of intent
to enter into the Marana Mercantile development agreement, a retail development tax incentive
agreement, no earlier than September 15, 2009.
PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF
MARANA, ARIZONA, this 18th day of August, 2009.
ATTEST:
ocelyn C ronson, Town Clerk
Mayor Ed Honea
APPROVED AS TO FORM:
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Frank Cassidy, Town
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