Title
Amend Ordinance S-41890 to Modify Agreements with University of Arizona for Development of Phoenix Biomedical Campus (Ordinance S-43591)
Description
Request to amend Ordinance S-41890 (Ordinance) and authorize the City Manager, or his designee, to execute any agreements or other documents necessary, with the Arizona Board of Regents (ABOR) for and on behalf of the University of Arizona (UA) concerning the Phoenix Biomedical Campus (PBC) in downtown Phoenix.
Report
Summary
On June 17, 2015, the City Council approved the Ordinance for continued development of the PBC south of Fillmore Street by UA in alignment with the Council-adopted PBC master plan. Over the past two years, UA has continued its commitment to the PBC through its update of the master plan for the PBC land south of Fillmore and completing construction of the Biomedical Sciences Partnership building. Early in 2017, UA opened the 10-story, 245,000-square-foot Biosciences Partnership building, which is focused on cancer drug therapies, molecular medicine, pediatric vaccines, and building platforms for DNA and biomarker testing. This request to modify the Ordinance is necessary due to several recent developments at the PBC, including a hold on the plans for an outpatient clinical facility, modifications to the master plan, and sale of the TGen building.
The amendment will include the following modifications:
-Remove references to the outpatient clinical facility.
-Confirm UA’s exclusive 10-year lease option commenced June 17, 2015, the date of the original Council action.
-Add the parties commitment to ensuring that access to, or relocation of, the TGen Building loading dock is preserved when the adjacent building pad to the south is developed and that if changes are required, UA, or its development partner, shall assume costs of the loading dock relocation or modification to a shared loading dock.
-Add authorization to ensure adequate space for construction staging and parking on the PBC during continued development of new buildings and tenant improvements in existing buildings at the PBC.
All other terms of Ordinance S-41890 will remain in full force and effect.
Financial Impact
This action will not have any impact on the General Fund.
Concurrence/Previous Council Action
City Council approved Ordinance S-41890 on June 17, 2015.
Location
Phoenix Biomedical Campus located between 5th and 7th streets, south of Fillmore Street, and north of Van Buren Street.
Department
Responsible Department
This item is submitted by Deputy City Manager Paul Blue and the Community and Economic Development Department.