HomeMy WebLinkAboutResolution 2010-076 retail development tax incentive agreement for the marana spectrum projectMARANA RESOLUTION NO.2010-76
RELATING TO DEVELOPMENT; ADOPTING A NOTICE OF INTENT TO ENTER INTO
AN AMENDMENT TO THE RETAIL DEVELOPMENT TAX INCENTIVE AGREEMENT
FOR THE MARANA SPECTRUM PROJECT PROPOSED TO BE LOCATED AT THE
SOUTHEAST QUADRANT OF INTERSTATE 10 AND THE FUTURE TWIN PEAKS
INTERCHANGE
WHEREAS Town staff has negotiated the terms of a proposed amendment to the
December 2007 retail development tax incentive agreement for the Marana Spectrum
development project, to be located in the southeast quadrant of Interstate 10 and the future Twin
Peaks interchange; 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 plans to bring the proposed First Amendment to Marana
Spectrum Development Agreement to Town Council for its consideration at the August 17, 2010
meeting.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
TOWN OF MARANA, ARIZONA, that the Town of Marana hereby issues this notice of intent
to enter into the Marana Spectrum development agreement, a retail development tax incentive
agreement, at the August 17, 2010 Marana Town Council meeting.
PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF
MARANA, ARIZONA, this 3rd day of August, 2010.
ATTEST:
elyn ronson, Town Clerk
Mayor Honea
{00022361.DOC /}
APPROVED AS TO FORM: