Consideration and Adoption of Resolution No. 2014-36:  A resolution authorizing the execution of a Development Agreement between City of Flagstaff and York Breckenridge GP, LLC related to the development of approximately 36.94 acres of real property generally located at 2701 S. Woody Mountain Road, Flagstaff, Arizona.

1) Read Resolution No. 2014-36 by title only.
2) City Clerk reads Resolution No 2014-36 by title only (if approved above). 
3) Adopt Resolution No. 2014-36.

State law allows cities to enter into development agreements by resolution.  The proposed Development Agreement ensures that the development of the Property complies with City standards for development and engineering improvements, and the City believes that development of the Property pursuant to this Agreement will result in planning, safety and other benefits to the City and its residents.

Subsidiary Decision Points:
This is the first of three related items.  Should this agreement be approved by city Council, the associated annexation and zoning map amendment will be considered for approval.

None

No previous Council discussion has occurred as it relates to this Development Agreement. The annexation and zoning map amendment have already had a public hearing before the City Council.

The City Council may approve, deny, or modify the agreement as necessary to ensure that the development meets the objectives of the Regional Land Use and Transportation Plan, the Zoning Code, and the City's development goals.

State law allows the City to enter into development agreements by resolution.  The proposed Development Agreement, along with the Annexation and Zoning Map Amendment Ordinances, would govern the terms and conditions of the zoning and development of the Aspen Heights proposal.

The community will receive the following benefits:

• A contribution of $102,805 towards a future traffic signal at the intersection of Route 66 and S. Woody Mountain Road.
• The improvement of approximately 5,500 linear feet of sewer line

Inform

Development agreements do not require public or neighborhood notification.  However, this agreement is tied to a proposed Annexation and Zoning Map Amendment which requires public notifications, and public hearings before the Planning and Zoning Commission and the City Council.