HomeMy WebLinkAboutResolution 2012-083 development impact fee credits for gladden farms IIMARANA RESOLUTION NO. 2012-083
RELATING TO DEVELOPMENT; APPROVING AND AUTHORIZING THE EXECUTION
OF A DEVELOPMENT AGREEMENT REGARDING DEVELOPMENT IMPACT FEE
CREDITS FOR THE GLADDEN FARMS II DEVELOPMENT PROJECT
WHEREAS the Town of Marana has adopted certain development impact fees for roads
pursuant to A.R.S. § 9 463.05; and
WHEREAS FC/M Gladden II LLC and Fidelity National Title Agency, Inc., as trustee
under Trust No. 60311 (collectively, the "Developer") are the owner and developer of Gladden
Farms Blocks 26 through 28 and 30 through 43 (the "Gladden II Balance"); and
WHEREAS the Developer is entitled to credit pursuant to A.R.S. § 9 463.05(B)('7)(c)(i)
toward the payment 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 the Gladden II Balance; and
WHEREAS the Town and the Developer desire to enter into a development agreement to
clarify the development impact fee credits associated with the Gladden II Balance; and
WHEREAS, the Mayor and Council find that the terms and conditions of the
Development Agreement Regarding Development Impact Fee Credits for Gladden Farms II are
in the best interest of the Town.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
TOWN OF A�IARANA, ARIZONA, that the Development Agreement Regarding Development
Impact Fee Credits for Gladden Farms II entered into by the Town of Marana, FC/M Gladden II,
LLC, and Fidelity National Title Agency, Inc., as trustee under Trust No. 6031 l, 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 Marana.
IT IS 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.
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Marana Resolution 2012-083 - 1- 9/ 10/2012 4:27 PM FJC
PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF
MARANA, ARIZONA, this 7th day of November, 2012.
Mayor E Honea
ATTEST:
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Marana Resolution 2012-083 - 2- 9/1 O/2012 4 .27 PM FJC
APPROVED AS TO FORM: