HomeMy WebLinkAbout4-21-1998 Blue Sheet Resolution 98-38 Adoption of Development Agreement between Marana and Best Associates II LLCTOWN COUNCIL
MEETING
INFORMATION
TOWN
OF
MARANA
DATE: April 21, 1998
AGENDA ITEM
TO: Mayor and Council
FROM: Hurvie E. Davis, Town Manager
SUBJECT: Resolution No. 98-38: Adoption of Development Agreement between the Town of
Marana and Best Associates II, LLC for Saguaro Springs Development.
DISCUSSION:
Last year the Council approved the rezoning of 652 acres for Best Associates II, LLC for the
subdivision known as Saguaro Springs. One of the conditions of rezoning was a Development
Agreement, and this item is the adoption of the Development Agreement. The Development
Agreement provides for the development of the property in accordance with the zoning
conditions. The agreement provides that the developer will complete various items of
infrastructure, including water system to be dedicated to the Town upon completion,
wastewater infrastructure, streets and drainage and other public amenities.
The Development Agreement also provides a mechanism whereby the developer will pay a
fee of $1000 per residential structure to be used for the construction/improvement of off-site
streets. Some of these improvements are to be constructed by the developer and others are to
be constructed by the Town.
The Development Agreement also allows the developer to form a Communities Facilities
District (CFD) to finance the public infrastructure, if desired. The agreement sets various
conditions for the CFD and creates the basic structure.
Adoption of this Development Agreement allows the development to move forward.
RECOMMENDATION:
Staff recommends that the Mayor and council adopt Resolution No. 97-38, entering into the
Development Agreement with Best Associates II, LLC for the Saguaro Springs Development
SUGGESTED MOTION:
I move that the Council adopt Resolution No. 98-38, approving the Development Agreement
between the Town of Marana and Best Associates II, LLC for the Saguaro Springs
Development
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