ITEM #: 5. DATE: 11/27/2023 AI #:1747 |
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CITY COUNCIL ACTION REPORT
SUBJECT: |
FINAL PLAT OF LOTS 2 AND 3 COMPASS DATACENTERS-PHX I |
STAFF PRESENTER(S): |
Marty Crossland, Deputy Director of Development Engineering |
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OTHER PRESENTER(S): |
Casey Whiteman, PE HilgartWilson |
SUMMARY |
A Final Plat subdividing approximately
198
acres into
3
lots at the intersection of
Yuma Road
and
Bullard Avenue
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STRATEGIC PLAN ALIGNMENT |
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RECOMMENDATION |
Approve the Final Plat of
Lots 2 and 3 Compass Datacenters – PHX I (the “Final Plat”)
, 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; 2. Prior to recordation of the Final Plat, the property owner shall submit an updated title report for the property included within the 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 the property being platted herein. Owner shall provide documentation acceptable to the City Attorney or his/her designee demonstrating that the party executing this final plat is authorized to do so. 3. Prior to the recordation of the Final Plat, the Map of Dedication for Yuma Road shall be recorded, and the recording information shall be inserted into the Final Plat. 4. Prior to the recordation of the Final Plat, Owner shall pay an in-lieu payment for the cost to construct 25% of the Yuma Road Culvert. The in-lieu payment shall be based on the estimated cost of the Yuma Road Culvert of $912,200.23. 5. Prior to recordation of the Final Plat, add the City Engineer signature to the approval block on the cover sheet. 6. Prior to recordation of the Final Plat, remove the duplicate paragraphs under the Owner’s Statement on the first page of the Final Plat. |
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 rezoned in 2019 from Light Industrial (I-1) and General Commercial (C-2) zoning districts to the I-1, Light Industrial Park Zoning District with a PAD Overlay by Ordinance 2019-1429 adopted on March 25th, 2019 recorded on March 29, 2019, with Maricopa County Recorder instrument number 20190213756. The Property included in the Final Plat is Parcel 1A of a Minor Land Division for Parcel 1 Compass Datacenters-PHX I, recorded on October 21, 2021, with Maricopa County Recorder number 20211123122, Book 1625 Page 19, which is being subdividing into two lots. |
STAFF ANALYSIS |
The proposed subdivision is consistent with the General Plan 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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