Title
Authorize to Enter into a Development Agreement to Acquire and Improve 10 Acres within the Talinn Subdivision (Ordinance S-48263)
Description
Request authorization for the City Manager, or his designee, to enter into a development agreement with DR Horton for the design, construction and dedication of a new neighborhood park located within the Talinn subdivision at the northeast corner of 56th Street and Deer Valley Drive. Further authorizing the City Controller to receive and disburse funds.
Report
Summary
DR Horton is developing the Talinn subdivision at Desert Ridge Superblock 1S(west). The Desert Ridge Specific Plan, the governing land use document for the City for Desert Ridge, calls for a 10-acre neighborhood park. The proposed ordinance will authorize the execution of a development agreement that will establish the terms for the construction of the park site. The major points of the agreement will include:
DR Horton will design and construct a public neighborhood park, including parking, landscaping, amenities and other improvements that is generally in conformance with a conceptual park plan. The final plan must be approved by the Parks and Recreation Department.
DR Horton will dedicate the final accepted neighborhood park to the City.
DR Horton, on behalf of the future Homeowner's Association for Talinn (Talinn HOA), will enter into a maintenance agreement with the City that sets forth the terms by which the Talinn HOA will fund or otherwise provide on-going maintenance and customary repairs in accordance with City maintenance standards.
DR Horton will receive park impact fee credit for the land at the rate established in the Park Infrastructure Improvements Plan that is in effect at the time the development agreement is executed, currently $200,000 per acre.
DR Horton will receive park impact fee credit, and/or cash reimbursement only if park impact fee funds are available, for eligible park design and construction costs. Design and construction costs are estimated at $2 million. All reimbursable costs will be subject to compliance with Arizona Revised Statutes title 34 governing public procurement procedures.
Financial Impact
The City's financial obligation will be met using park impact fee credit, and/or cash reimbursement only if park impact fee funds are available. There is no financial impact to the City for on-going maintenance of the park.
Concurrence/Previous Council Action
On Oct. 28, 2021, the Parks and Recreation Board approved acceptance of the land dedication.
Location
Desert View Village, Northwest Park Impact Fee Area
Council District: 2
Department
Responsible Department
This item is submitted by Deputy City Managers Inger Erickson and Ginger Spencer, and the Parks and Recreation and Planning and Development departments.