Title
Authorization to Enter into a Revocable License with TB North, LLC on City-Owned Property Located at 31750 N. Cave Creek Road (Ordinance S-47510)
Description
Request to authorize the City Manager, or his designee, to enter into a revocable license with TB North, LLC for approximately 2.414 acres of undeveloped City-owned land located at 31750 N. Cave Creek Road for construction staging and storage. Further request to authorize the City Treasurer to accept all funds related to this item. The license fee for the year will be $27,515.20.
Report
Summary
TB North, LLC will use approximately 2.414 acres of City-owned land during the construction of a garage condo complex on an adjacent property to the south. The license will allow temporary construction access, large construction equipment, materials staging and storage, parking, a construction trailer and administration offices. Use of this site will also reduce the need for construction traffic to directly access Cave Creek Road. The City owns this property for future water facility expansion to meet an increase in demand in northeast Phoenix. The license will not conflict with the City's future intended use.
The license will be for one year. The license fee will be $27,515.20, plus applicable taxes, which is within range of market rents as determined by the Real Estate Division. TB North, LLC shall provide insurance and indemnification acceptable to the City of Phoenix Finance Department's Risk Management Division and Law Department. The license may be canceled pursuant to A.R.S. section 38-511, or upon 60-days' prior written notice. The license may contain other terms and conditions deemed necessary by the City.
Contract Term
The license will be for one year.
Financial Impact
The license fee will be $27,515.20, plus applicable taxes.
Location
31750 N. Cave Creek Road, identified by Maricopa Assessor's Parcel number 211-35-003.
Council District: 2
Department
Responsible Department
This item is submitted by Deputy City Manager Karen Peters and the Water Services and Finance departments.