Title
Request Authorization to Amend Intergovernmental Agreement with Maricopa County Department of Transportation for Buckeye Road (MC85) Project (Ordinance S-44088)
Description
Request authorization for the City Manager, or his designee, to amend the existing Intergovernmental Agreement (IGA) with Maricopa County Department of Transportation (MCDOT) for the Buckeye Road (MC85) project, between 75th Avenue and 107th Avenue (Ordinance S-42095). The 2015 Infrastructure Finance Plan allows for a maximum value of in-lieu funds eligible to be transferred to MCDOT not to exceed $2,972,264. Further request authorization for the City Treasurer to accept and the City Controller to disburse all funds related to this item.
Report
Summary
This amendment is to clarify responsibilities related to developer requirements associated with the completion of MC85 from 107th Avenue to 75th Avenue, and to establish procedures within the IGA that will allow the City to provide impact fee credit for contributions made by private development toward the ultimate completion of MC85.
MC85 falls within Maricopa County jurisdiction and is to be designed and constructed in its entirety by MCDOT. As private development occurs within the City along this corridor, the developer is required to provide improvements along its dedicated frontage as per the current design plan. As an alternative to constructing the required roadway improvements, the developer will be given the option to provide an in-lieu cash payment to the City, based on the unit cost estimate specified in the City's 2015 Infrastructure Financing Plan for the same category of road improvement. In the case of the developer choosing an in-lieu cash payment, this amendment establishes procedures within the IGA for MCDOT to invoice the City upon collection of developer in-lieu payments, and for the City to remit the in-lieu payments to MCDOT for the ultimate construction of MC85. Whether the developer chooses to construct the required improvements or provide the in-lieu payment, the City will provide impact fee credit for eligible contributions from private development pursuant to Chapter 29 of the City Code.
Financial Impact
The City of Phoenix will collect developer in-lieu payments up to a total amount of $2,972,264, and the City of Phoenix will be invoiced by MCDOT for repayment of all funds collected. Funding is available in the Street Transportation Department's Capital Improvement Program budget.
Concurrence/Previous Council Action
This action is to amend the previous Buckeye Road (MC85) IGA (Ordinance S-42095) approved Oct. 21, 2015.
Location
Buckeye Road from 75th Avenue to 107th Avenue.
Council District: 7
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Street Transportation and Planning and Development departments.