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Home My WebLink About07/19/2005 Blue Sheet Amended DA with Gladden Forest LLC TOWN COUNCIL MEETING INFORMATION MEETING DATE: July 19, 2005 TOWN OF MARANA AGENDA ITEM: I. 3 TO: MAYOR AND COUNCIL FROM: James DeGrood, Assistant Town Manager SUBJECT: Resolution No. 2005-87: Relating to Development; approving and authorizing the execution of an amended development agreement with Gladden Forest, LLC, Relating to the Gladden Farms development project. DISCUSSION The Gladden Farms project has been developed by Gladden Forest, LLC, and includes the dedication and construction of significant roadway, trail and park infrastructure and right-of-way to thc Town of Marana. The Town recently adopted a Development Impact Fee for Parks, in the amount of$2,884 per dwelling unit (or equivalent). The impact fee ordinance includes provision for the granting of credit for any improvements or land dedicated to the Town for parks, as required by statute. The public parks and trails dedicated to the Town amount to 37.66 acres of usable recreation area. Improvements include restrooms, play structures, ramadas, parking areas, a pedestrian underpass and multi-purpose fields. Based upon the Town's impact fee credit fonnula, these improvements satisfy a portion ofthe impact fee amount for future residential construction in the Gladden Farms development. Based upon the land dedicated and the contract cost of the improvements being constructed, a reduced impact fee in the amount of $722 per new residential dwelling unit for parks will be charged. The Town recently adopted a Development Impact Fee for Northwest Marana Roadways in the amount of$5,94l per dwelling unit (or equivalent). The impact fee ordinance includes provision for the granting of credit for any improvements or land dedicated to the Town for arterial and collector roads. This project will dedicate land for Tangerine Farms Road and will dedicate and construct improvements for Moore Road, Lon Adams Road and Gladden Farms Drive. All ofthese projects are creditable and have a value of$7,257,000, based upon construction contracts and right-of-way dedicated. This credit reduces the Impact Fee for Northwest Marana Roads to $1,773 per dwelling unit for all units in Phases I & II. It is expected that Phase III projects will contribute additional funds to the Tangerine Farms Road Improvement District, and additional credit analysis will be required for those subdivisions. BI.U difocreditsgladdenfarms DA.doc Page 1 of2 7/14/2005 RECOMMENDATION Staff recommends approving and authorizing the execution of the development agreement with Gladden Forest, LLC, relating to the Gladden Farms development project. SUGGESTED MOTION I move to approve Resolution No. 2005-87. BLU difocreditsgladdenfarms DA.doc Page 2 oj2 7/13/2005 MARANA RESOLUTION NO. 2005-87 RELATING TO DEVELOPMENT; APPROVING AND AUTHORIZING THE EXECUTION OF AN AMENDED DEVELOPMENT AGREEMENT WITH GLADDEN FOREST, LLC, RELATING TO THE GLADDEN FARMS DEVELOPMENT PROJECT. WHEREAS, the growing population ofthe Town of Maran a places increasing demand upon the existing public infrastructure and parks in the region; and WHEREAS, the Town desires to develop new public infrastructure and parks to meet the demands that are placed upon the Town's roadway, utility and park facilities as a consequence of increasing population and the proportionate increase in usage brought about by new growth; and WHEREAS, the Town and the residents of the Gladden Farms development will jointly benefit from the development of the roadway, utility and park facilities projects; and WHEREAS, it is in the best interest ofthe citizens ofthe Town of Marana to improve the capacity of the Town's existing public roadway, utility and park facilities by encouraging the development of additional public parks and improvement of arterial and collector roadways at the time of new development; and, WHEREAS, Arizona Revised Statutes, ~ 9-463.05 requires that developer dedications and improvements shall be considered for credit against applicable impact fees. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council ofthe Town of Maran a, Arizona, that the Mayor is authorized to execute a Development Agreement with Gladden Forest, LLC, for the purposes of establishing an agreement to improve, fund, and convey to the Town public roadway and park facilities. Marana. Arizona Resolution No. 2005-87 Page 1 of2 PASSED AND ADOPTED by the Mayor and Council of the Town of Maran a, Arizona, this 19th day of July, 2005. Mayor Ed Honea A TrEST: Jocelyn C. Bronson, Town Clerk APPROVED AS TO FORM: Frank Cassidy, Town Attorney Marana. Arizona Resolurion No. 2005-87 Page 2 of2 ~ ..... ~ ~ c ~ ~ ..... I;J l::: ~ ~ ~ ~ :::: ~ ~ ;:: \:5 :.. ~ :::: ~ .~ ~ ::: ~ a ~ ~ ~ "0 <<l o "g ~ '" o '" E ~~"g~ ~ i:I.. 0 0 "0 ~ ~ .2 ~"O~O o"gggf 36::E~ ------ ~CQuo "0 <<l o ~ ., ... o .... <J ~ .... o U ... = ell ...:i ..., I ... ~ ... ... Q ., e ... ell '" = ... ~ ~ ell .... ~ oCl ~ ell o lli:i ., e ell ~ < = o ...:i "0 o .... 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"'il:l.. ~ :.. ~~ z c ~ ~ \..) ~ ~ ~ ~ ~ \..) ~ ~ ..... ~ ~ ~ ~ ~ ~ .;4 Ea p., -;a g '9J ~ '" ~ 0.. \ 6 2" .;4 '[) ~ . c. p., 6b~ ~ g cd .c. <> 0 ...;r. ~ ,--. !lCO "''''' 8 g ~ ~ p., p;: -- ;B <\) ... u ~ ~ ~ - ~ ~ -0 '" t-'~i" 0....... t).::t cd lo. ~~ ,g~ .;4 ~ Ea .- p.,:; C :1 ~ ~ t-'~ TOWN OF MARANA DEVELOPMENT AGREEMENT REGARDING DEVELOPMENT IMPACT FEE CREDITS FOR GLADDEN FARMS THIS AGREEMENT (this "Agreement") is entered into by and between the TOWN OF MARANA, an Arizona municipal corporation (the "Town"), and GLADDEN FOREST LLC, An Arizona Limited Liability Company and FIDELITY NATIONAL TITLE AGENCY, INC., an Arizona corporation, as trustee under Trust No. 30,212 (collectively, the "Developer"). The Town and the Developer are sometimes collectively referred to as the "Parties," each of which is sometimes individually referred to as a "Party." RECITALS A. This Agreement is entered into and authorized pursuant to A.R.S. S 9-500.05. B. The Town has adopted certain development impact fees for roads and regional parks pursuant to A.R.S. S 9-463.05. C. The Developer is developing the land described and depicted on the subdivision plat recorded in the Pima County Recorder's office at Book 55 of Maps and Plats, Page 60 ("Gladden Farms"). D. The Developer is entitled to credit pursuant to A.R.S. S 9-463.05(B)(3) toward the paymcnt of the Town's adopted development impact fees based on the required dedication of public sites and improvements provided or to be provided by the Developer in connection with the development of Gladden Farms. E. The Parties desire to memorialize their agreement concerning the amount of the devel- opment impact fee credit applicable to Gladden Farms. AGREEMENT Now, THEREFORE, in consideration of the foregoing premises and the mutual covenants set forth in this Agreement, the Parties hereby agree as follows: 1. Credit toward arterial roadway development impact fees. 1.1. Total value. The total value of artcrial roads provided by the Developer to the Town in connection with the development of Gladden Farms, including the value of any and all arterial road right-of-way conveyed to the Town and any and all allowable arterial roadway construction costs, is $7,257,000.00. {OOOO0968.DOC I} - 1 - 1.2. Total lots. The total number of residential lots anticipated to be constructed in connec- tion with the development of Gladden Farms is 1,141. 1.3. Credit per lot. The credit against arterial roadway development impact fees is $4,168.00 per lot. 1.4. Current fee. As of the date of this Agreement, thc Town's arterial roadway development impact fee that would apply to Gladden Farms before the credit is $5,941.00. Subtracting the $4,168.00 credit, the current arterial roadway development impact fee for Gladden Farms is $1,773.00 per lot. 1.5. Future fee revisions. If the Town amends its arterial roadway development fee applica- ble to Gladden Farms, the fee per lot shall be the then-applicable fee minus $4,168.00. 1.6. Actual construction and dedication as condition of credit. The credit against arterial roadway development impact fees calculated in accordance with this paragraph 1 shall apply only to the extent the arterial roadway construction and dedication has been completed or is in progress to the reasonable satisfaction of the Town. 2. Credit toward regional park development impact fees. 2.1. Total value. The total valuc of regional parks provided by the Developer to thc Town in connection with the development of Gladden Farms, including the value of any and all regional park lands conveyed to the Town and any and all allowable regional park construction costs, is $3,764,100.00. 2.2. Total lots. The total number of residential lots anticipated to be constructed in connec- tion with the development of Gladden Farms is 1,741. 2.3. Credit per lot. Thc credit against regional park development impact fees is $2,162.00 per lot. 2.4. Current fee. As of the date of this Agreement, the Town's regional park development impact fee that would apply to Gladden Farms before the credit is $2,884.00. Subtracting the $2,162.00 credit, the current rcgional park development impact fee for Gladden Farms is $722.00 per lot. 2.5. Future fie revisions. If the Town amends its arterial roadway development fee applica- ble to Gladden Farms, the fee per lot shall be the then-applicable fee minus $2,162.00. 2.6. Actual construction and dedication as condition of credit. The credit against regional park development impact fees calculated in accordance with this paragraph 2 shall apply only to the extent the regional park construction and dedication has been completed or is in progress to the reasonable satisfaction ofthe Town. 3. Miscellaneous 3.1. Binding effect. This agreement shall be binding upon and inure to the benefit of the heirs, executors, administrators, successors and assigns of the Parties. {00000968.00C I} -2- 3.2. Cancellation for conflict of interest. This agreement is subject to A.R.S. * 38-511, which provides for cancellation in certain instances involving conflict of interest. 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 GLADDEN FOREST LLC, An Arizona Limited Liability Company By: Ed Honea, Mayor By: Dean Wingert, its Date: Date: ATTEST: FlDELlTY NATIONAL TITLE AGENCY, INC., an Arizona corporation, as trustee under Trust No. 30,212 Jocelyn C. Bronson, Clerk ApPROVED AS TO FORM: By: Date: Frank Cassidy, Town Attorney {00000968.DOC /) - 3 - STATE OF ARIZONA) ss County of Pima ) The foregoing instrument was acknowledged before me on by Dean Wingert, its of GLADDEN FOREST LLC, An Arizona Limited Liability Com- pany, on behalf of the corporation. My commission expires: Notary Public STATE OF ARIZONA ) ss County of Pima ) The foregoing instrument was acknowledged before me on by of FIDELITY NATIONAL TITLE AGENCY, INC., an Arizona corporation, as trustee of Trust No. 30,212, on behalf of the trust. My commission expires: Notary Public {OOO00968.DOC /J 4