Acceptance of a Permanent Drainage Easement and Restrictive Covenant Agreement from W/C Lakin 1B VIII, LLC, a Delaware limited liability company required for the development of Lakin Park. 

Accept a Permanent Drainage Easement and Restrictive Covenant Agreement from W/C Lakin 1B VIII, LLC, a Delaware limited liability company. (Linda Beals, Real Estate Coordinator)

There will be no fiscal impact to the City in the fiscal year 2022 or future years with the acceptance of this easement.

W/C Lakin 1B VIII, LLC, a Delaware limited liability company (“Lakin”) is one of the owners of the property known as Lakin Park.  Lakin is in the process of developing Phase 1 of Lakin Park, which consists of an approximate 85-acre industrial site located at the southwest corner of MC-85 and Cotton Lane.  A Minor Land Division for Lakin Park–Phase 1 was administratively approved and recorded in the official records of Maricopa County at Book 1588 page 30, instrument number 2021-0480315 on April 29, 2021. 

Lakin is responsible for the design and construction of infrastructure required for the city to serve Lakin Park. 

The construction of the drainage basin is a critical component of the Lakin Park infrastructure and is required to provide a location for storm drain runoff from Phase 1 of Lakin Park.  The City has reviewed the construction plans and has required the Permanent Drainage Easement and Restrictive Covenant Agreement to be dedicated to the City as part of the construction permitting process.