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Home My WebLink AboutCouncil Presentation 10/08/2019 - ASLD Tangerine Corridor and PreserveASLD Tangerine Corridor Rezoning & Reconfigured Tortolita Preserve October 8, 2019 Marana Town Council Study Session Existing Tortolita Preserve lease 2,399 acres 99 Year Lease Began 10/25/2000 Ends 10/24/2099 Year 1: $432,000 At least 10% increase every 5 yrs 2019: $574,992 Year 99: At least $2,642,073 Overview of discussion over the years •Since 2011: Marana seeks to buy out the Tortolita Preserve lease •2016-present: ASLD will only auction the Tortolita Preserve if other surrounding ASLD land benefits from the sale Town of Marana strategic goals The Town of Marana's strategic goals include: •Implementing a viable financial solution for Tortolita Preserve –Strategic Plan Four, Community Principle Statement 1, Goal 5 •Development of the Tangerine Road Corridor –Strategic Plan Four, Commerce Principle Statement 2, Goal 1 –Economic Development Strategic Plan •Identify and protect areas with significant wildlife habitat –2010 Marana General Plan Goals, Policies, and Actions, Goal 1.b. Key steps •New IGA –Spells out rezoning and auction process –Waives rezoning fees –Sets the minimum bid for auction of the Reconfigured Tortolita Preserve at the higher of: •The fair market value of the Reconfigured Tortolita Preserve •The net present value of the leased fee interest in the existing Tortolita Preserve based on scheduled rents under the 99-year lease Key steps •ASLD Tangerine Rezoning –±8,032 acres along the Tangerine Road Corridor from Agricultural (AG) and Zone C –Large Lot Zone to Specific Plan: •±2,766 acres of open space zoning , including areas bordering Dove Mountain and habitat-rich wildlife corridors—the “Reconfigured Tortolita Preserve” •Zoning entitlements on the balance of the property—the specifics to be included in the specific plan to be submitted by ASLD after approval of the IGA Key steps •Auction of the Reconfigured Tortolita Preserve –Auction occurs after completion of the ASLD Tangerine Rezoning –Establishes a permanent Reconfigured Tortolita Preserve with wildlife corridors extending all the way through and to the edges of State Land ASLD Rezoning (white border, ±8,032 ac) Existing Tortolita Preserve (green cross-hatch, ±2400 ac) & Reconfigured Tortolita Preserve (solid green, ±2766 ac)