Title
Authorization to Enter into Access Easement Agreement with Millennium Park Central, LLC for Valley Metro Light Rail Traction Power Sub-Station (Ordinance S-47843)
Description
Request to authorize the City Manager, or his designee, to enter into an easement agreement and other agreements as necessary (Agreements) with Millennium Park Central, LLC or its City-approved designee for continued access to a Valley Metro Light Rail Traction Power Sub-Station located at 1st Avenue and Catalina Drive. There is no financial impact to the City for this item.
Report
Summary
Millennium Park Central, LLC (Developer) is currently constructing the Millennium Park Central Apartments (Project) at Park Central. The Traction Power Sub-Station (TPSS) is on City-owned property acquired in 2006 to support the original light rail line that opened in 2008. The TPSS remains in operation and is maintained by Valley Metro for light rail operations. Prior to the Developer’s Project, the TPSS could be accessed via the Park Central surface parking lot. Upon the Developer receiving site plan approval for its Project, staff from the City, Developer, and Valley Metro discussed the need for continued access to the TPSS. As a result of negotiations, the Developer incorporated an area for Valley Metro to build a driveway and thus grants under the Agreements the necessary access to the City, Valley Metro, and the City's/Valley Metro's designee(s) at no cost. Upon Council authorization, the City will execute the Agreements, and Valley Metro will fund and build the access driveway to be completed later this year in tandem with the Project’s completion.
The parcels affected by this Project and included in this request are identified as Maricopa County Assessor's parcels 118-37-034 and 118-37-030B, located at 108 W. Catalina Drive.
Financial Impact
There is no financial impact to the City for this item.
Location
108 W. Catalina Drive
Council District: 4
Department
Responsible Department
This item is submitted by City Manager Ed Zuercher, Deputy City Managers Ginger Spencer and Mario Paniagua, and the Finance, Community and Economic Development and Public Transit departments.