15.B.i.
City Council Meeting - FINAL
- Meeting Date:
- 09/16/2014
- From:
- Brian Kulina, Planning Development Manager
Information
TITLE:
Consideration and Adoption of Resolution No. 2014-34: A resolution authorizing the execution of a Development Agreement between VP I-40 & Country Club, LLC ("Vintage Partners") and the City of Flagstaff related to the development of approximately 93 acres of real property generally located at 1201 N Country Club Drive.
RECOMMENDED ACTION:
1) Read Resolution No. 2014-34 by title only
2) City Clerk reads Resolution No. 2014-34 by title only (if approved above)
3) Adopt Resolution No. 2014-34
3) Adopt Resolution No. 2014-34
Policy Decision or Reason for Action:
State law allows cities to enter into development agreements by resolution. The proposed Development Agreement governs the terms and conditions of the use and development of the subject property.
Subsidiary Decisions Points:
This is the first of two related items. Should this agreement be approved by City Council, the associated final plat will be considered for approval.
Subsidiary Decisions Points:
This is the first of two related items. Should this agreement be approved by City Council, the associated final plat will be considered for approval.
Financial Impact:
Based on previous Council policy decisions and Capital Improvement Program budgeting, the City has agreed to cover the Developer's contributions to the Fourth Street overpass bridge of Interstate-40 and improvements to the Oakmont Drive/Country Club Drive intersection.
Prior to the final platting on any parcel in Unit II, the City and the Vintage Partners will work on an amendment to this agreement that will address improvements to the Soliere Avenue crossing of the Fanning Wash including proportional cost associated with those improvements. At this time, it is anticipated that the funding for the City's share of improvements will come from the City Transportation Fund for street improvements.
Prior to the final platting on any parcel in Unit II, the City and the Vintage Partners will work on an amendment to this agreement that will address improvements to the Soliere Avenue crossing of the Fanning Wash including proportional cost associated with those improvements. At this time, it is anticipated that the funding for the City's share of improvements will come from the City Transportation Fund for street improvements.
Connection to Council Goal and/or Regional Plan:
Repair Replace maintain infrastructure (streets & utilities)
Retain, expand, and diversify economic base
Effective governance
Retain, expand, and diversify economic base
Effective governance
Has There Been Previous Council Decision on This:
No previous Council discussion has occurred as it relates to this Development Agreement. The Developer has processed a preliminary plat and final plat for the subject property concurrently with the processing of this application.
Options and Alternatives:
The City Council may approve, deny, or modify the agreement as necessary to ensure that the development meets the objectives of the Flagstaff Regional Plan 2030, the Zoning Code, and the City's development goals and policies.
Community Benefits and Considerations:
The community will receive the following benefits:
- If warranted, design and installation of a traffic signal at the intersection of Country Club Drive and the primary driveway of Unit I.
- A contribution of fifty thousand four hundred thirty five dollars ($50,435.00) toward intersection improvements at Fourth Street and Soliere Avenue.
- The transfer or conveyance of Parcel 5 in Unit II, as depicted on the attached preliminary plat, to the City for the continued use of the parcel as drainage and the Rio de Flag floodplain and floodway.
- Improvements to the Fanning Wash culvert under Soliere Avenue.
Community Involvement:
Inform
Development agreements do not require public or neighborhood notification. However, this agreement is related to the proposed development known as Country Club/I-40, which has had a preliminary plat reviewed and approved by the City Council at a public meeting.
Development agreements do not require public or neighborhood notification. However, this agreement is related to the proposed development known as Country Club/I-40, which has had a preliminary plat reviewed and approved by the City Council at a public meeting.