HomeMy WebLinkAboutResolution 2019-040 Authorizing Impact Fee Credits for Saguaro Bloom Development Project MARANA RESOLUTION NO. 2019-040
RELATING TO DEVELOPMENT; APPROVING AND AUTHORIZING THE MAYOR
TO SIGN THE FIRST AMENDMENT TO DEVELOPMENT AGREEMENT
REGARDING PARKS AND RECREATION DEVELOPMENT IMPACT FEE CREDITS
FOR THE SAGUARO BLOOM DEVELOPMENT PROJECT
WHEREAS the Town has adopted a Parks and Recreation Facilities Development
Impact Fee ("Parks DIF"), currently set at $2,461 per equivalent demand unit, pursuant
to A.R.S. § 9-463.05 and Marana Ordinance Nos. 2014.012 and 2017.029; and
WHEREAS the Town's 2017 infrastructure improvement plan supporting the
Parks DIF includes the "Saguaro Bloom Community Park" project at a projected cost of
$3,377,800; and
WHEREAS D. R. Horton, the developer of Saguaro Bloom, is obligated by
development agreement to contribute up to $2,500,000 toward the design and
construction of public park improvements and amenities for Saguaro Bloom
Community Park; and
WHEREAS D. R. Horton is willing to pay the actual costs to design and construct
the first phase of currently planned improvements for Saguaro Bloom Community
Park, at an estimated cost of $3,200,000, under the terms of the 1st amendment to DIF
credit development agreement presented to Council for consideration by this agenda
item; and
WHEREAS the Mayor and Council find that the terms and conditions of the
amendment are in the best interest of the Town.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE TOWN OF MARANA, ARIZONA, that the "First Amendment to Development
Agreement Regarding Parks and Recreation Development Impact Fee Credits for the
Saguaro Bloom Development Project" included with the agenda materials
accompanying this resolution is hereby approved and the Mayor is hereby authorized
and directed to sign it for and on behalf of the Town of Marana, and the Town's
Manager and staff are hereby directed and authorized to undertake all other and
further tasks required or beneficial to carry out its terms, obligations, and objectives.
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Marana Resolution No.2019-040 -1- 4/19/2019 2:11 PM
PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN
OF MARANA, ARIZONA, this 7th day of May, 2019.
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Mayor Ed Honea
ATTE APPROV D AS TO FORM:
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Cherry L. La ' on, Town Clerk Frank Cas dy,Town ttorney
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MARANA AZ
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