Title
Resolution Adoption - Sonoran Desert Drive Funding Policy (Resolution 22048)
Description
Request City Council approval of a resolution to establish a funding policy for new development to pay their fair share of future funding needed to construct improvements in the Sonoran Desert Drive roadway corridor resulting from development of vacant land.
Report
Summary
The Sonoran Desert Drive Corridor (SDDC), generally consists of Sonoran Desert Drive and Dove Valley Road between Paloma Parkway on the west and Cave Creek Road on the east and bounded by the Sonoran Preserve further to the north and south of this large development area. It is estimated that this area will have approximately 11,000 new homes in the future and is all owned by the Arizona State Land Department, except for the 480 acre Verdin Master Plan Residential Community. The roadway corridor improvements necessary to serve this area are estimated to be approximately $120,000,000. The roadway corridor represents a major vehicle conduit that will connect this area with rapidly growing areas to the east and west of this corridor. The existing roads within the SDDC are insufficient to support additional traffic that will be generated from future new development in north Phoenix. This resolution establishes a policy framework for the City of Phoenix and new development to contribute toward the timely expansion and ultimate completion of the SDDC road network and provides guidance on future zoning entitlements and new development in areas that can be expected to impact the SDDC road network.
Zoning case Z-62-18-2 (Verdin PUD) falls within the SDDC boundaries and is one example of a development that this policy would impact. City staff and the Verdin developer have agreed to the major deal points of a development agreement that are consistent with this policy and will be brought to a future City Council meeting.
Financial Impact
There is no financial impact from this resolution.
Location
North Gateway and Desert View Villages
Council District: 2
Department
Responsible Department
This item is submitted by Deputy City Managers Alan Stephenson and Mario Paniagua and the Planning and Development, and Street Transportation departments.