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ITEM #: 7.
DATE: 08/26/2024

AI #:2138
CITY COUNCIL ACTION REPORT
 
SUBJECT: FINAL PLAT FOR PROLOGIS 303 BUSINESS PARK
 
STAFF PRESENTER(S): Marty Crossland, Deputy Director of Development Engineering

OTHER PRESENTER(S):

Nicholas Brown, PE, Wood, Patel & Associates, Inc.

SUMMARY

A Final Plat subdividing approximately 114.1 acres into 3 lots and 0 tracts at the intersection of North Cotton Lane and West Camelback Road.

STRATEGIC PLAN ALIGNMENT

RECOMMENDATION

Approve the Final Plat for Prologis 303 Business Park, subject to stipulations. (Marty Crossland, Deputy Director of Development Engineering)

STIPULATIONS

1. Any technical corrections to this final plat required by the City Engineer or his  designee shall be made prior to the recordation of the Final Plat; and
2. Prior to recordation of the Final Plat for Prologis 303 Business Park (the “Final Plat”), Owner shall submit an updated title report for the property included within such final plat (the “Property”) and shall modify the Final Plat to reflect the current ownership and current lender including on the Final Plat a Lender Consent and Subordination in a form approved by the City Attorney or his/her designee for all lenders with a security interest in all or part of the Property.

FISCAL IMPACT

Although a fiscal impact analysis has not been conducted on this specific project, all new development will have an ongoing fiscal impact on the City. The development is responsible for construction of all infrastructure necessary to serve the site and will generate one-time revenue for the City through payment of permits, construction sales tax and development impact fees. Longer term fiscal impacts include increased demands for municipal services, the costs of which may or may not be offset by increased property values/tax levies, city sales tax, state shared revenues and the increased demand for commercial and retail development. Any areas that will be maintained by the city are constructed by the developer and then conveyed to the city two years after construction.

BACKGROUND AND PREVIOUS ACTIONS

The Property was part of a rezoning case in 2006 to allow for a development known as Camelback 303. The area was rezoned from Agricultural (AG) to Light Industrial (I-1) and General Commercial (C-2) zoning districts with a Final Planned Area Development (PAD) overlay. The Property was rezoned in 2018 to Light Industrial (I-1) by Ordinance No. 2018-1415. 

The final plat for Prologis 303 Goodyear was approved by the City Council on April 10, 2023, and recorded on May 19, 2023, in the official records of the Maricopa County Recorder at Book 1738 Page 45.

STAFF ANALYSIS

The General Plan designates the subject property as ‘Industrial’. The ‘Industrial’ land use category provides for more intensive business and employment uses which have a greater impact on surrounding land uses. The existing zoning of I-1 is in conformance with the General Plan land use designation. The proposed subdivision is consistent with the General Plan and zoning and will not adversely impact the surrounding area. Further, the proposed subdivision is consistent with the technical requirements of the city’s subdivision regulations and engineering standards and provides for the orderly development of the property by identifying the required infrastructure needed to serve the development.

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