Title
Authorization to Enter into a Development Agreement with Gila and Salt River Development, LLC (Ordinance S-49686)
Description
Request authorization for the City Manager, or his designee, to enter into a development agreement with Gila and Salt River Development, LLC for the acceptance of a $500,000 donation to the Parks and Recreation Department. Further authorize the City Treasurer to accept, and the City Controller to disburse, all funds related to this item.
Report
Summary
Gila and Salt River Development, LLC submitted rezoning application Z-35-21-7 regarding the Planned Unit Development (PUD) proposed on the land located at the northwest corner of the Ed Pastor/Loop 202 Freeway and West Dobbins Road in Laveen. The PUD will incorporate land uses and design principles that establish a cohesive development environment, including providing opportunities for billboard and advertising development along the Ed Pastor/Loop 202 Freeway.
The item was heard and approved by City Council on March 1, 2023; however, one of the stipulations the applicant must adhere to requires that Gila and Salt River Development, LLC make five annual $100,000 donations to the City of Phoenix Parks and Recreation Department to construct, operate or maintain Olney park near the intersection of 59th and Olney Avenues, as modified and approved by the Parks and Recreation Department.
Due to the uncertainty of when the department will have funding available to construct the park at 59th and Olney Avenues, the Parks and Recreation Department desires to direct the donated funds towards the construction, operation or maintenance of any park in the Laveen Village area. The first donation is anticipated to occur in March 2025. The development agreement will memorialize the terms of the donation.
Contract Term
The development agreement will begin on or around June 1, 2023, and terminate upon the City's acceptance of the last donation, which is anticipated to occur in 2030.
Financial Impact
There is no impact to the General Fund.
Concurrence/Previous Council Action
City Council approved:
- Public Hearing and Ordinance Adoption - Rezoning Application Z-35-21-7 (The Crossing at Dobbins PUD) - northeast corner of 63rd Avenue and Dobbins Road on March 1, 2023.
Location
Council Districts: 7 and 8
Department
Responsible Department
This item is submitted by Deputy City Manager Inger Erickson and the Parks and Recreation Department.