1. Any technical corrections to the Final Plat of Villas Goodyear (the “Final Plat”) approved herein 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, Owner shall submit an updated title report for the property included within the boundaries of the Final Plat (the “Platted Property’) and shall modify the Final Plat to reflect the current ownership and current lender including on 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 Platted Property. Owner shall provide documentation acceptable to the City Attorney or his/her designee demonstrating that the party executing the Final Plat is authorized to do so; and 3. Owner shall, at Owner’s sole cost and expense, construct or cause the construction of full half-street improvements, except for ½ a median and ½ median landscaping, for the section of west half of S. Sarival Avenue along or adjacent to the frontage of the Property required for a Minor Arterial as set forth in the Engineering Design Standards in effect at the time the improvements are constructed, including but not limited to, pavement, curb and gutter, sidewalks, street frontage landscape and landscape irrigation, and street lighting (the “S. Sarival Avenue Improvements”). The S. Sarival Avenue Improvements shall be completed prior to the issuance of any Certificate of Completion, Temporary Certificate of Occupancy or Certificate of Occupancy for any structure within the Property; and 4. If all or part of the required S. Sarival Avenue Improvements have been constructed by the City of Goodyear, Owner shall remit to the City of Goodyear an in-lieu payment for the costs the City of Goodyear incurred in constructing such improvements and Owner shall construct all remaining required S. Sarival Avenue Improvements. The payment required hereunder shall be remitted prior to the issuance of any permit for construction within the Property. The remaining S. Sarival Avenue Improvements shall be completed prior to the issuance of any Certificate of Completion, Temporary Certificate of Occupancy or Certificate of Occupancy for any structure within the Property; and 5. The Final Plat, shall not be recorded until Roosevelt Irrigation District and Maricopa County Department of Environmental Services have provided the city written approvals approving all construction plans that impact their respective interests. 6. Prior to recordation of the Final Plat, owner shall remit to the city an in-lieu payment for 50% of the costs of a constructing a full median and full median landscaping for the section of S. Sarival Avenue along or adjacent to the frontage of the Property. The in-lieu payment shall be 50% of the actual cost of the full median and full median landscaping if the median and landscaping have been constructed and installed or if the payment is required before the full median and median landscaping has been constructed and installed, the payment shall be based on the estimated cost of the full median and median landscaping as determined by the City Engineer or his designee; 7. Owner shall apply to the Arizona Department of Water Resources (ADWR) for the extinguishment of the Type 1 Rights appurtenant to the Property and request that any assured water supply credits issued by ADWR as a result of any such extinguishment be credited to the City of Goodyear. Said extinguishment shall occur prior to recordation of the first final plat subdividing all or part of the Property or the issuance of any construction permits for work within the Property, whichever is earlier; 8. Prior to the issuance any construction permits for any work on the Property, other than for at-risk mass grading permits, the existing 8’ wide electric easements along the northern boundary of the Property conveyed by instruments MCR# 84-388753 and MCR# 84-388759 shall be terminated and Owner shall provide documentation showing that said easements have been terminated and the terminations are recorded with the Maricopa County Recorder office. 9. Prior to the issuance of the first Certificate of Completion, Temporary Certificate of Occupancy or Certificate of Occupancy for any structure within the Property, Owner shall terminate the portion of the existing Public Utility Easement per MCR #20210074402 that is within the proposed S. Sarival Avenue right of way. 10. Prior to the issuance of the first Certificate of Completion, Temporary Certificate of Occupancy or Certificate of Occupancy for any structure within the Property, all existing dry utilities located within the existing and proposed S. Sarival Avenue right-of-way shall be relocated to within the new 10 foot public utility easement adjacent to the Property, including but not limited to, cable and electrical utilities, shall be relocated at no cost to the City; 11. Prior to final plat recordation, Owner shall terminate the following existing ingress and egress easements: • Docket 15950, Page 160; and thereafter First Amendment to Easement recorded in 2005-0009144 of Official Records and Amended and Restated recorded as 2005-0273005 of Official Records. • Docket 15950, Page 169 • Docket 15950, Page 175 and First Amended recorded as 2005-0273004 of Official Records; and. 12. Prior to the issuance of the first Certificate of Completion, Temporary Certificate of Occupancy or Certificate of Occupancy for any structure within the Property, all existing above ground utilities, except for electric lines that are 69kV or larger, located within and adjacent to the Property, including but not limited to, cable and electrical utilities, shall be placed underground at no cost to the City; and 13. The development of the Property shall be in compliance with all other stipulations/conditions of approval set forth in Ordinance 2021-1502 not specifically addressed herein. |
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. |