HomeMy WebLinkAboutResolution 93-033 pre-annexation and development agreement with the price companyRESOLUTION NO. 93-33
A KESOLUTION OF TIIE MAYOR AND COUNCIL OF TI-IE TOV;N OF MARANA,
ARIZONA, APPROV]/qG A PRE-ANNEXATION AND DEVELOPMENT AGI~M~.NT
WITH THE PRICE COMPANY, STEWART TITLE AND TRUST, AS TRUSTEE UNDER
TRUST NO. 2188, S.L. AND ELEANOR SCHORR AND DAVID 3. AND IUD1T~ B.
LEONARD.
.WFtF. REAS, the Town is empowered, pursuant to A.R.S. § 9-500.05, to enter into
development agreements relating to property in the municipality; and
WIq'PREAS, the Town Council has reviewed the Pre-Annexation and Development
Agreement between the Town of Mararia and The Price Company, Stewart Title and Trust
F2188, S.L. and Eleanor Schorr and David J. and Judith Leonard (hereinafter the "_Development
Agreement") a copy of which is attached hereto and made a part hereof; and
WHEREAS, the businesses in the Price Club Dhve area already generate considerable
activity and future expansion is expected to greatly increase the traffic generation in the area and
in order to handle this increased traffic and to further promote economic development, some
roadway improvements have been identified and an agreement is being sought from the Town
that/t will make the roadway improvements funded from a portion of the taxes generated from
the businesses; and
3~Iq~2~EAS, it has been determined by the Town Council that it would be in the best
interests of the Town and the continued development of the Town to enter into the attached
Development Agreement.
BE IT RESOLVED, that the Development Agreement between the To~vn of Marana and
the ?xSce Company, Stewart Title and Trust/r2185, S.L: and Eleanor Schorr--and David 3. and
Judith Leonard attached hereto is hereby approved.
BE IT ~ RF~OLVED,-that the Mayor is hereby empowered to execute the-
attached Development Agreement on behalf of the Town of Marana.
~S, the immediate operation of the Resolution is necessary for the preservation
of the public peace, health and-safety of the Town of Marana, Arizona, an emergency is hereby
declared to exist, and this Resolution shall be in full force and effect from and after its passage
and adoption.
~ASSED AND ADOFI'F_D by the Mayor mad Council of the Town of Mm-~na, Arizona,
this.,~g~. d~ of September, 1993.
~¥o~ o~ ~
A'I'I~ST:
Town Attorne~'~