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HomeMy WebLinkAboutRes 2003-43C 1 RESOLUTION NO.2003-43 A RESOLUTION OF TFIE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAIN HILLS,ARIZONA,AUTHORIZING THE EXECUTION OF A DEVELOPMENT AGREEMENT RELATING TO PROPERTY LOCATED AT THE NORTHWEST CORNER OF SHEA BOULEVARD AND FOUNTAIN HILLS BOULEVARD,ENCOMPASSING APPROXIMATELY 30 ACRES OF LAND. WHEREAS,the Mayor and Council of the Town of Fountain Hills desires to enter intoa development agreement (the "Agreement")between the Town of Fountain Hills(the "Town"), Palatial Developments,L.L.C.("Palatial")and Town Lake Enterprises,L.L.C.("Town Lake") (collectively,Palatial and Town Lakeare referred tohereinasthe "Developers")pursuant to Ariz.Rev.Stat.§9-500.05;and WHEREAS,the proposed Agreement pertains to property located atthe northwest comer of Shea Boulevard and Fountain Hills Boulevard (the "Property");and WHEREAS,the Agreement is consistent with the Town's adopted General Plan. NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE TOWN OF FOUNTAIN HILLS,as follows: SECTION 1.That the Agreement is hereby approved inthe form attached hereto as Exhibit A. SECTION 2.That the Mayor,the Town Manager,the Town Clerk andthe Town Attorneyare hereby authorized and directed totakeallsteps necessary to cause the execution of the Agreement. PASSED AND ADOPTED by the Mayor and Council of the Town of Fountain Hills, // F FOUNTAIN FULLS: August 7,2003. FORTE Tim G.Pickering,Town Manager 9196.00 l\Palatial Est.DA.rcs.doc 8-1-03-1 ATTESTED TO: )l*ttJLA- Bevelyn J.Be/Hdecf TownClerk APPROVED AS TO FORM: Andrew J.McGuire,Town Attorney V%itS/ When recorded,return to: Attention:Town Clerk Town of Fountain Hills 16838 East Palisades Boulevard Fountain Hills,Arizona 85268 DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT (this "Agreement")is entered into August 7 2003,by and between the TOWN OF FOUNTAIN HILLS,an Arizona municipal corporation (the 'Town"),TOWN LAKE ENTERPRISES,L.L.C.,an Arizona limited liability company ("Town Lake")and PALATIAL DEVELOPMENTS,L.L.C.,an Arizona limited liability company ("Palatial")(collectively,Town Lake and Palatial are referred to herein asthe "Developers"). RECITALS A.TheDevelopersaretheownersofcertainrealPropertylocatednearthenorthwest comer ofShea Boulevard and Fountain Hills Boulevard withintheTownofFountainHills,Arizona consistingof approximately 30acres,asmore particularly described in Exhibit A,attachedhereto and incorporated hereinby reference (the "Property"orthe "Project"). B.TheDevelopersandtheTownareenteringintothis Agreement pursuanttothe provisions of Ariz.Rev.Stat.§9-500.05 inorderto facilitate the development ofthe Property by providing for,amongotherthings,conditions,terms,restrictionsand requirements forthe construction and installation of infrastructure improvements,amended subdivision development regulationsandanyandallothermatterssetforthwithinthebodyofthisAgreementandasmore particularly identified and described onthe Preliminary PlatfortheProperty approved August1, 2002,preparedbyHTPOEngineersandSurveyors,Inc.(the"PreliminaryPlat"),attachedheretoas ExhibitBandincorporatedhereinbyreference,includinganychangestheretoassetforthinthis Agreement. C.TheTownacknowledgesthatthedevelopmentofthePropertypursuanttothis Agreement willresultinsignificantbenefitstotheTownanditsresidentsbyprovidingoff-site improvements andperpetualmaintenancewithintheSheaBoulevard rights-of-way,assetforth herein. AGREEMENT NOW,THEREFORE,IN CONSIDERATION oftheforegoingandthemutualpromisesand agreements setforth herein,the parties hereby agreeasfollows: 1.Development Standards. 1.1 ThevariousexhibitsattachedheretoandthisAgreementcollectively 9196.01 OVPalatial Estates DA.v6.doc 8-1-03-2 constitute a"Planof Development"which includes modifications totheTownofFountainHills Subdivision Ordinance (the "Subdivision Ordinance").Itis the intent of the parties that the development be constructed in accordance with the Preliminary Plat as approved and as further amended by the terms of this Agreement.This Agreement is limited in scope in that its sole purpose istoallowforalimitedset of modifications tothe Subdivision Ordinance,assetforthherein. 1.2 The parties hereby agree and understand that,subsequent tothe execution of this Agreement,and based upon the Town's review and due consideration,including without limitation,the conduct of the requisite public hearings,the Town Council shall consider approval of a final plat for the Property that includes the deviations from the Subdivision Ordinance permitted herein. 1.3 The approval of the Town of the Preliminary Plat and this Agreement constitute affirmative representations by the Town,on which the Developers are entitled to rely,that: a.The Developers shall be entitled to develop the Property in accordance withthe Preliminary Plat andthe deviations fromthe Subdivision Ordinance contained thereon andinthis Agreement. b.The Town,having exercised its discretion in approving the Preliminary Plat,agrees to cooperate reasonably in processing such permits,specifications, and/or other development approvals ofor for the Property as may be requested by Developers in order to implement,and which are consistent with,the Preliminary Plat,provided that Developers comply with all applicable rules and regulations and pays all applicable permit and application fees. 2.Density. Developer shall be permitted to develop no more than 19 single-family lots on the Property, comprisedofsevenlotswithinthe Rl-43 Single-familyZoningDistrictand12lotswithinthe Rl-8 Single-family ZoningDistrict. 3.PalatialDrive Improvements. 3.1 ThepartiesacknowledgethatSubdivisionOrdinance§305limitsthe maximum length of cul-de-sac streetsandthenumberoflotsservedbysuch cul-de-sac streets.The Town and the Developers agree that the Developers shall be allowed to deviate from such provisions toallowforatotal cul-de-sac length of 1852feet(±194feetforas limited collector and+1658feet as hillside local)and 19 lots. 3.2The parties acknowledge that Subdivision Ordinance §§305(B)(1)(d)and 305(B)(1)(e)provide maximum street grades for short road sections less than 400 feet long to exceed 12 percent gradient,but not to exceed 15 percent gradient.The Town and the Developers agree that, to reduce the amount of new land disturbance and utilize the existing Chaparral City Water Company ^("CCWC")road alignment,the Developers shall be allowed to deviate from such provisions in order 9196.010\Palatial Estates DA.v6.doc 8-1-03-2 \llgj/ \%ft>ii/ to construct Palatial Drive in accordance withthe Preliminary Plat. 4.Shea Boulevard Improvements. 4.1TheTownandthe Developers agreethattheultimate development ofthe Propertywillrequire improvements tothePropertyincluding,butnotlimitedto,off-sitepaving, landscaping,gradinganddrainage improvements totheexistingSheaBoulevardpublicright-of-way. TheadoptedPreliminaryPlatandstipulationstheretospecifytheextenttowhichthe Developers are required to construct such off-site improvements. 4.2Asa condition precedent tothe approval of the Final Plat,Developers,their successors orassignsshallalsobe responsible at their solecostand expense toprovide: a.Aleft turn-in pocket lane/median cutfrom Shea Boulevard providing access to Palatial Drive.The corresponding deceleration lane taper lengthsshallbe designed as recommended bythetrafficreportdatedJune14,2002,by Kimley Horn,asmodifiedby theTownCouncilon August 1,2002,totakeinto consideration a60 mph designspeed. b.A right-in and right-out turnlaneto provide access from Palatial Drive to westbound Shea Boulevard,thedesignand specifications ofwhichhavebeenagreed upon between the Town Engineer and Developers as described on Exhibit C,attachedhereto and incorporated herein by this reference. c.Installation and perpetual maintenance of all landscaping and necessary irrigation within the public right-of-way lying between the northern curb of Shea Boulevard theedgeofthe Property (the "Landscape Area").The Town andthe Developer agreeand understand thatthe Developer willbe installing additional landscaping onlyalong that portion ofthe Landscape Arealying220feettothe east and220feettothewestof Palatial Drive. d.The construction ofaneightfoot meandering sidewalk alongtheentire curbed-length of the Developers'improvements toShea Boulevard (approximately 450lineal feet).Inlieu of actual construction of said sidewalk,Developers may,prior to issuance ofa buildingpermitforanysinglefamilyhomeontheProperty,(i)contribute$22,800.00,or such lesser amount as approved bythe Town Manager,or authorized designee,athissole discretion;provided thatsuch amount hasbeen proven tobe sufficient tofully compensate the Town to offset the cost tothe Town to complete such construction ata later dateor(ii) providetheTownwithaperformancebondintheamountof$22,800,inaform acceptable to the Town.Ifthe Developer chooses to provide the Town withthe aforementioned bond, such bond shallbe maintained infullforceand effect fora period of five years fromthe date of this Agreement. 4.3In consideration of its perpetual maintenance of the landscaping within the Shea Boulevard publicright-of-way,assetforthinparagraph4.2(c)above,theDevelopersare hereby permitted to(i)locateand construct entry monument wallsandpermanentsubdivision 9196.010\Palatial Estates DA.v6.doc 8-1-03-2 c identificationsignagewithintheSheaBoulevardright-of-way,asdepictedonExhibit D.attached heretoandincorporatedhereinbyreferenceand(ii)locateandconstructanelectricalgatetocreatea privatestreetalongPalatialDrive;provided,however,thatDevelopersshallgrant(a)theTown perpetual easement over andacross Palatial Drive for access to public facilities located withinthe Property,anotationofsuchaccesseasementshallbeincludedontheFinalPlatofthe Property and (b)CCWCaperpetualeasementforaccesstoitswater facilities locatedadjacenttothe Property,a notationofsuchaccesseasementshallbeincludedontheFinalPlatoftheProperty. 5.Hillside Disturbance. 5.1 The Property contains 134,601sq.ft.of disturbanceallowed onlandwith slopesbetween10%and20%;82,449sq.ft.ofdisturbanceallowedonlandwithslopesbetween 20%and30%;and6,366sq.ft.of disturbance allowedonlandwithslopesinexcessof30%,fora totalof223,416sq.ft.ofdisturbanceallowedforalllandwithaslopeofgreaterthan10%(the 'Total DisturbanceAllowance");theremainingareaofthePropertyinexcessof10%slopemust remainundisturbed(the"NondisturbanceRequirement").TheTownandtheDevelopersagreeand acknowledgethattheprovisionsgoverninghillsidedisturbanceforslopesinexcessof10%asset forthinSubdivisionOrdinance§504wouldimpairthedevelopmentofthePropertyinaccordance withthe Preliminary Plat.Therefore,theTownandthe Developers agreethattheTotalDisturbance Allowanceshallbe distributed acrossthe Property forareaswithslopesinexcessof10%asfollows: 5.2 The portion of the Total Disturbance Allowance tobe allocated toeachlot (eacha"DisturbanceAllowance")shallbecalculatedbytheDevelopers.TheNondisturbance Requirement forthe balance of each lot shall bethetotalarea of the lot,less the Disturbance AllowancecalculatedbytheDevelopersforsuchlot.TheTownshallhavetherighttoverifyand approve such calculations. 5.3Developershallbesolelyresponsiblefor calculating suchDisturbance Allowance as permits development ofeachlot,asmayberequiredby Subdivision OrdinanceSection 308(B).ThecalculatedDisturbanceAllowanceandestimatedNonDisturbanceRequirement acreagesforeachsuchlotshallbesetforthonthefinalplatfortheProperty.Theestimated Nondisturbance Requirement acreage foreachsuchlotshallbe credited toward thetotal NondisturbanceRequirementfortheProperty.Intheeventthepartiesagreethatpocketsof "significant vegetation"orformationsof "significant rock outcroppings,"as defined inSubdivision OrdinanceSection602,DevelopershalldedicatetotheTownhillsideprotectioneasements covering suchpocketsof"significantvegetation"orformationsof"significantrockoutcroppings"withinsuch lot.Any such dedicated area shallnot affect the Disturbance Allowance for such lot,andshallbe credited toward the Nondisturbance Requirement for such lot. 5.4The Disturbance Allowancewithinalotmaybelocatedwithinanyreasonable areaofthelot,asestablishedbythesiteplanapprovedbytheTowninconnectionwithbuilding permitissuance.Thepropertyownerofeachlotshall,priortotheissuanceofthebuildingpermitfor suchlot,dedicate tothe Town a hillside protection easement covering the Nondisturbance Requirement forsuchlotforsuch portions thereof where the Disturbance Allowance isnotlocated. 9196.010\Palatial Estates DA.v6.doc 8-1-03-2 \j^jj/ Viljjjif/ 5.5Intheeventthe actual Disturbance Allowance within alot,as established by thesiteplanapprovedbytheTowninconnectionwithbuildingpermitissuance,islessthanthe calculated Disturbance Allowance forsuchlotset forth onthe applicable final plat.The unused DisturbanceAllowancemaybereasonablyallocatedbyDeveloperamonganyotherlotswithinthe Property.Intheeventthe actual Nondisturbance Requirement foralot,as established by recorded hillside protection easement is more than the estimated Nondisturbance Requirement acreage for such lotset forth onthe applicable final plat,theexcess Nondisturbance Requirement may be reasonably allocatedbyDeveloperamonganylotswithinthe Property.Developershallhavethe same rights withrespecttosuch reallocated Disturbance Allowance or Nondisturbance Requirement, aswithany other Disturbance Allowance or Nondisturbance Requirement. 5.6The parties acknowledge thatany additional disturbance area required to accomplish the following shall notbe deducted from the Disturbance Allowance forthe Property: a.Roundingthepointswherecutslopesmeetnaturalgradetoblend undisturbed terrainandavoida "sharp edge"appearance. b.Revegetation ofdisturbedareasofalotwithreasonablysimilar intensityandtypeofplantmaterialasgrowingwithintheadjacentundisturbedareas. 6.Cooperation and Alternative Dispute Resolution. 6.1 Appointment of Representatives.To further the commitment ofthe parties to cooperate inthe implementation ofthis Agreement,upon the request ofeitherofthe Developers or the Town,theTownandthe Developers eachshall designate and appoint a representative toactasa liaison between theTownandits various departments andthe Developers.The initial representative fortheTown(the"TownRepresentative")shallbetheZoningAdministrator,andtheinitial representative forthe Developers shall beitsProject Manager,as identified bythe Developers from time-to-time(the "Developers'Representative").Therepresentativesshallbeavailableatall reasonable timestodiscussandreviewtheperformanceofthepartiestothisAgreementandthe developmentofthePropertypursuanttothePlanofDevelopment. 6.2 Default.Failure or unreasonable delay byeitherofthe parties to perform or otherwise actin accordance withanytermor provision ofthis Agreement fora period of30 days (the "CurePeriod")afterwrittennoticethereoffromtheotherparty,shallconstituteadefaultunderthis Agreement.Saidnoticeshallspecifythenatureoftheallegeddefaultandthemannerinwhichsaid default maybe satisfactorily cured,if possible.Inthe event such default isnot cured within theCure Period,thenon-defaultingpartyshallhaveallrightsandremedies,whichmaybeavailableatlawor in equity. 7.Notices and Filings. 7.1Noticesand Requests.Anynoticeorother communication requiredor permitted tobegiven under this Agreement shallbein writing andshallbe deemed tohavebeen (^duly given if (i)delivered to the party at the address set forth below,(ii)deposited in the U.S.Mail, 9196.010\Palatia!Estates DA.v6.doc 8-1-03-2 >%!»/ registered or certified,return receipt requested,tothe address set forth below,(iii)given toa recog nizedandreputableovernightdeliveryservice,totheaddresssetforthbelowor(iv)deliveredby facsimile transmission to the number set forth below: The Town: With a copy to: The Developers: With a copy to: Town Clerk Town of Fountain Hills 16838 East Palisades Boulevard Fountain Hills,Arizona 85268 Jorden,Bischoff,McGuire &Rose,P.L.C. 7272 E.Indian School Rd.,Suite 205 Scottsdale,AZ 85251 Facsimile:480-505-3901 Attn:AndrewJ.McGuire,Esq. Town Lake Enterprises,L.L.C. 12004 North Sundown Scottsdale,Arizona 85260 Attn:Jerry Fandytis Palatial Developments,L.L.C. 12004 North Sundown Scottsdale,Arizona 85260 Attn:Jerry Fandytis Beus Gilbert P.L.L.C 4800 North Scottsdale Road Scottsdale,AZ 85251-7630 Attn:John E.Rooney,Esq. oratsuchotheraddress,andtotheattentionofsuchotherpersonorofficer,asanypartymay designate in writing by notice duly given pursuant tothis paragraph 15.Notices shallbe deemed received (i)when delivered totheparty,(ii)three business daysafterbeing placed intheU.S.Mail, registeredorcertified,properlyaddressed,withsufficientpostage,(iii)thefollowingbusinessday afterbeinggiventoa recognized overnight delivery service,withthepersongivingthenoticepaying allrequiredchargesand instructing thedeliveryserviceto deliver onthefollowingbusinessday,or (iv)when received by facsimile transmission during thenormal business hours of the recipient.Ifa copyofanoticeisalsogiventoa party's counselor other recipient,the provisions abovegoverning thedateon which a notice is deemed to have been received bya party shall meanand refer tothe dateonwhichtheparty,andnotits counsel or other recipient towhichacopyofthenoticemaybe sent,is deemed to have received the notice 8.General. 8.1 Waiver.No delay in exercising any right or remedy shall constitute a waiver 9196.01 OXPalatial Estates DA.v6.doc 8-1-03-2 Ntowu/ \Hfna^ thereof,andno waiver bytheTownorthe Developers ofthe breach ofany covenant ofthis Agreement shall be construed asa waiver of any preceding or succeeding breach of the same or any other covenant or condition of this Agreement. 8.2 Headings.Thedescriptiveheadingsoftheparagraphsofthis Agreement are inserted for convenience onlyandshallnot control or affect the meaning or construction ofanyof the provisions hereof. 8.3 Exhibits.Anyexhibitattachedhereto andthe documents constituting thePlan ofDevelopment,shallbedeemedtohavebeenincorporatedhereinbythisreferencewiththesame forceandeffectasiffullysetforthinthebodyhereof. 8.4 Further Acts.Eachofthepartiesheretoshall execute anddeliverallsuch documents andperformallsuchactsasreasonablynecessary,fromtimetotime,tocarryoutthe matters contemplated bythis Agreement.Withoutlimitingthegeneralityofthe foregoing,theTown shall cooperate ingood faith and process promptly any request and applications for final plator permitsor approvals orrevisionsrelatingtothedevelopmentofthePropertybytheDevelopersand their successors. 8.5TimeofEssenceandSuccessor.Timeisoftheessenceofthis Agreement.All ofthe provisions hereofshallinuretothebenefitofandbebindinguponthe successors and assigns ofthe parties hereof.Notwithstanding the foregoing,the Developers'rights and obligations hereundermayonlybeassignedbyawritteninstrument,approvedbytheTownCounciland recordedintheofficialRecordsofMaricopa County,expressly assigning such rights and obligations. IntheeventtheTownCouncilapprovesacompleteassignmentoftheDevelopers'rightsand obligationshereunder,Developers'liabilityhereunderforactsoccurringafterthedateofthe assignmentshallterminateeffectiveupontheassumptionby Developers'assignee. 8.6Term.The term of this Agreement shall commence onthedatefirstsetforth aboveandshallremaininfullforceandeffectforaperiodof five yearsthereafter. 8.7TerminationUponSaletoPublic.TheTownandtheDevelopershereby acknowledge andagreethatthis Agreement isnot intended toandshallnot create conditions or exceptionstotitlesorcovenantsrunningwiththeProperty.Therefore,inordertoalleviateany concernastotheeffectofthisAgreementonthestatusoftitletoanyoftheProperty, notwithstanding anything contained hereintothecontrary,this Agreement shallterminatewithout theexecutionorrecordationofanyfurther document or instrument astoanylotwhichhasbeen finallysubdividedand individually (andnotin"bulk")leased(foraperiodoflongerthanoneyear) or sold tothe end purchaser or user thereof. 8.8No Partnership;Third Parties.Itisnot intended bythis Agreement to,and nothingcontainedinthisAgreementshall,createanypartnership,jointventureorother arrangement betweenthe Developers andthe Town.Notermor provision ofthis Agreement is intended to,or shall,beforthebenefit of anyperson,firm,organization or corporation notapartyhereto,andno such other person,firm,organization or corporation shallhaveany right or cause of action 9196.010\Palatial Estates DA.v6.doc 8-1-03-2 >%£• hereunder. 8.9Entire Agreement.This Agreement constitutestheentire agreement between the parties hereto pertaining tothe subject matter hereof.All prior and contemporaneous agreements, representations and understandings ofthe parties,oral or written,are hereby superseded and merged herein. 8.10 Amendment.No change or addition isto be made to this Agreement except by a written amendment executed bytheparties hereto.Withintendaysafterany amendment tothis Agreement,such amendment shall be recorded inthe official Records of Maricopa County. 8.11 Good Standing and Authority.Eachofthe parties represents and warrants to theother(i)thatitis duly formed and validly existing under the laws of Arizona,duly qualified todo business intheStateof Arizona andingood standing underthe applicable state laws and(ii)the individual(s)executing this Agreement on behalf ofthe respective parties are authorized and empoweredtobindthepartyonwhosebehalfeachsuchindividualissigning. 8.12Severability.IfanyprovisionofthisAgreementisdeclaredvoidor unenforceable,suchprovisionshallbeseveredfromthis Agreement,whichshall otherwise remain in fullforceandeffect.IfanapplicablelaworcourtofcompetentjurisdictionexcusestheTown from undertakinganycontractualcommitmenttoperformanacthereunder,this Agreement shallremain in full force and effect,butthe provisions requiring such action shall be deemed to permit the Town totakesuch action atits discretion.If,however,theTownfailstotakethe action required hereunder, theDevelopersshallbeentitledtoterminatethisAgreement. 8.13 Governing Law.This Agreement is entered intoinArizonaandshallbe construed and interpreted under the laws of Arizona.In particular,this Agreement is subject tothe provisions of Are.Rev.Stat.§38-511. 8.14 Recordation.This Agreement shallbe recorded intheOfficialRecordsof Maricopa County nolater than tendaysafterthis Agreement isexecutedbythe Town andthe Developers. 8.15NoDevelopersRepresentation.NothingcontainedhereinorthePlanof Development shall be deemed to obligate the Developers to commence construction onor complete anypartorallofthe development ofthe Property;provided,however,any development thatis undertakenbytheDevelopersshallbedoneinaccordancewiththisAgreementandthePlanof Development. [SIGNATURES ON FOLLOWING PAGE] 9196.0I0\Palatial Estates DA.v6.doc 8-1-03-2 Xttftii^ Xaflft^ IN WITNESS WHEREOF,the parties have executed this Agreement thedayandyear first above written. Town" TOWN OF FOUNTAIN HILLS,an Arizona municipal corpjoration ATTEST: Bevelyn J.Bender/Town Clerk 9l96.010\PaIatial Estates DA.v6.doc 8-1-03-2 "Developers" TOWN LAKE ENTERPRISES,L.L.C.,an Arizonalimitedliabilitycompany /^^ PALATIAL DEVELOPMENTS,L.L.C,an Arizona limited liability company c VijjjjKi/ STATE OF ARIZONA County of Maricopa )ss. ) ACKNOWLEDGMENTS SUBSCRIBED AND SWORN to before me this //day of (7ja a^?/:2003 by W.J. Nichols,theMayoroftheTOWNOF FOUNTAIN HILLS,an Arizona municipal corporation,byand on behalf of the Town. OFFICIAL SEAL Notary Public -State of Arizona MARICOPA COUNTY My corr.m.expires Aug.28.2003 STATE OF ARIZONA ) )ss. County of Maricopa ) Notary Pub SUBSCRIBED AND SWORN to before me this A^day of Z^^MZT 2003 by 3~-e~rrv sad FAsvovr/Ls the S/epsZ/Ws)?-oftown lake ENTERPRISES,L.L.C.,anArizonalimitedliability company,byandonbehalfofthe company. My Commission Expires: STATE OF ARIZONA County of Maricopa ) )ss. ) Notary Public OFFICIAL SEAL SUSAN M.DEGLER Notary Public-Stats ot Arizona MAFUCOPA COUNTY Mycom.expiresJuno 6,2005 SUBSCRIBED AND SWORN to before me this/ST day of/^k^^Zl 2003 by v7>rrVr/inoiTi*the ryts*/&>S)r of PALATIAL DEVELOPMENTS,L.L.C. Arizonalimitedliability company,byandon behalf ofthecompany. My Commission Expires 9l96.010\Palatial Estates DA.v6.doc 8-1-03-2 10 Notary Public MnMARRSB:5"."."iSn-fiLT>,^.",^;aiiS-ejj OFFICIAL SEAL J) SUSAN M.DEGLER Notary Public -State ot Arizona }{ MARICOPA COUNTY { My com.expires Juno 6,2005 11 9196.01 OVPalatial Estates DA.v6.doc 8-1-03-2 EXHIBIT A [LegalDescription] 11 c LEGAL_DESCRIPTION 28Pdf £'ZlXVC*Kn62EaSdof°rtr?f *»N°rth h°"°f ActionMeridian.MoricopaPCoU„?,lhArf2Ze '^X^^fZ*?°»< E^^£^^%£»Z£*Si'«*«*-in Decentminutes00secondsEastad°s ance of firm mfT t?6"06 Nortn 90 **<**<>*00minutes00secondsEastadfetanceo23?'#,?n?6""JNorth 00 de9re«00South75degrees00minutesoSslctndfLJt'f£J"6""dfPartin°«*»Site.South 28 degrees 16 minutes 00 sec™!I™.ds*on«of 1122.07 feet:ThencenortherlyrightofwovlineOf%hon o .l08'^0 d,stonce °f "55.59 feet to theminutes47secondsw«f „i •?°ulevar*Thwce South 84 degrees 55deportingSheaBote™*N^9 oT deaTeet ^Y'2^93.04 feet;Thfnceof177.77 feet:Thence Nort78dearies lo^.T^J5 SeCOnds West °^tonce 744.82 feet;Thence North 24 dearees 00 min^..rfn °°SeCf"ds East a dis*™°°'415.00 feet to the POINT OF BEgPn^NG;°S<SCOndS Eost a diston<*of Sllostis9^%%£"o^'VaL^T*--™'-*>"•"«**.oil uranium,thorium or onvother ^SLE^T1.descril,tion'to9«t"er withparticularlyessentialtotheproductioncLS.S?™T°?,be dete™ined to benotofcommercialvalue,in.Tor trde0r\heS,C^y?0andalS-"^" wa?eFrPVhUUa&nranTteret,o.Under '"^lh™°h *°"W ond SURVEYORS CERTIFIHATinM- ^ttI,TSe^S^„^^m^^^p«mSB described and JULY.1999,THAT THE PLAT IS CoIrept SrfS&J???^THE M0NTH 0FSHOWNHEREONHAVEBEENLOCATEDORwa^SS^c ^!-AT ™E MONUMENTSLOTCORNERSHAVEBEENPERMANENTLYSETDESCRIBEDANDTHAT HAROLD BEABOUT,RLS 33853 HTPO.INC. 16743 E.PALISADES BLVD SUITE 9f« FOUNTAIN HILLS.AZ 85259 (480)836-0535 EXHIBIT "B" [PreliminaryPlat] PLAT ON FILE IN THE COMMUNITY DEVELOPMENT DEPARTMENT FILE NO.S2000-052 9196.010\Palatial Estates DA.v6.doc 8-1-03-2 12 L O C A T I O N M A P r o w t f P f i o y ^ L a s - * - — A P P R O V A L S : - s t e CO H V C V A H C C AW O O E t t C A T l O N : i M i S S t f — > — i T 3 i i mm • t a n i m • U • » W W M 1 W M B — W W * B M t M M M . i i m i w w m n m i ^ i i M P M i u i K u M H W t i r w M W t m i a i i c p i H u i p S W H i i « i m « » M i i a i l i i « i i « i W — • » M M H i M • w i m m w I m K i i M t « — i M t » — m o o n n u t m i « f a « a « w ^ g y n l •« «• ji i g i L i im B ii i M u i M i w « a * » m m M V M i v m m m m w m i m i m m j A u w m m v i u > m H K L U . M n u i m M « i u , a N N O T A R Y A C K N O * F f X a i F l i T • n w c r a n a a i — W M * W < — M l W L I I M W I I B I > 1 7 — T V R S S E z A ^ p e - o v e o PR E L I M I N A R Y P L A T O F P A L A T I A L E S T A T E S BE I N G A PO R T I O N OF SE C T I O N S 21 AN D 28 , T 3 N, R 6 E, G 4 SR B & M. MA R I C O P A CO U N T Y , AR I Z O N A FO U N T A I N HI L L S , AR I Z O N A i r e r u n B A S I S O F R f A M N C T u n a Uf l M A S S U R E D W A T E R S U P P I Y v CENTRA!MOTFS 1SKSffBaassas-js^rtssr *TT^iTtiiiTrgT^i?^^"'""*'*****"***S&^MM?|SSSk«"ggy"Iggllllllll.—nimnaivatMwMBvuaimmmamm«raaabomb L£GALDESCRIPTION It**i'?!^••-^^rj^.itfiTLir?^^^?^-!—11jVSessmmm^m-=soti*s*surveyorsrcBTinrATinw-•*.yMamNlaiA Jv HE A B L V O . HE A BL V D PA L A T I A L E S T A T E S • •• • • I U I I F L A T •uuiiuiitmar SHEETINDFX MiW»HiiHill|Kl.i a-nutmna••••»i <>•«»»«•«.wmmilli PRELIMINARY-NOTFOBCONSTRUCnON CS pF M * s £ t > " f l e K i s e o " f> e c i K i w A ^ v r,ato 0 . 5 3 0 6^ 9 5 7 1. 0 8 1 1. 3 9 4 " 1. 1 9 5 " 4 * 8 4 j " W W " " 0 " 0 " 5J 6 0 6 1 . 0 2 9 1 6 . 2 2 2 0 . 9 1 1 0. 9 4 6 " 20 , 3 1 5 0 . 8 9 5 1 6 . 6 6 2 2 . 5 4 3 2 3 . 8 3 0 1 . 0 0 1 14 , 1 3 4 1 . 0 6 6 1 2 , 9 3 3 1 . 4 0 5 8 , 7 7 6 2 . 2 0 1 2, 1 1 0 0 . 5 8 8 4 3 4 4 0 . 6 5 5 2 . 4 0 8 8 ^ 9 2 . . . 3 . 3 5 2 . . . . 0 . 7 1 0 • . . . 6. 2 0 9 • 0 . 1 2 7 - 0 . 0 4 3 2 . 0 4 5 r 3 0 . 0 0 7 2 1 0 , 2 7 9 1 So u t h 28 de g r e e s 16 mi n u t e s 00 se c o n d s Ea s t a di s t a n c e of 4b b . b 9 fe e t to tn e no r t h e r l y r i g h t o f w a y l i n e o f S h e a Bo u l e v a r d ; Th e n c e S o u t h 8 4 d e g r e e s 5 5 mi n u t e s 4 7 s e c o n d s We s t al o n g sa i d l i n e a d i s t a n c e o f 2 7 9 3 . 0 4 f e e t ; Th e n c e de p a r t i n g Sh e a Bo u l e v a r d No r t h 05 d e g r e e s 0 4 mi n u t e s 13 s e c o n d s We s t a d i s t a n c e 7a J r 7 ' 7 7 fe e t : Th e n c e No r t h 78 de g r e e s 20 mi n u t e s 00 se c o n d s Eo s t o di s t a n c e of a7 ^ * « i /e e t ; Th e n c e No r t h 24 d e g r e e s 0 0 m i n u t e s 0 0 s e c o n d s E o s t a d i s t a n c e o f 41 5 . 0 0 fe e t t o t h e PO I N T OF BE G I N N I N G ; EX C E P T al l oi l , ga s e s a n d o t h e r hy d r o c a r b o n su b s t a n c e s , c o a l , st o n e , me t a l s , mi n e r a l s , fo s s i l s , an d fe r t i l i z e r s of ev e r y na m e an d de s c r i p t i o n , to g e t h e r wi t h , al l u r a n i u m , t h o r i u m , o r a n y o t h e r m a t e r i a l wh i c h is o r m a y b e d e t e r m i n e d t o b e pa r t i c u l a r l y es s e n t i a l to th e pr o d u c t i o n of fi s s i o n a b l e ma t e r i a l s , wh e t h e r or n o t of co m m e r c i a l va l u e , in , o n o r un d e r th e Pr o p e r t y ; an d EX C E P T al l un d e r g r o u n d wa t e r in , un d e r or f l o w i n g th r o u g h th e Pr o p e r t y an d w a t e r ri g h t s a p p u r t e n n a n t th e r e t o . w» » * r ' S H E A 0 u L E V AR 0 N.B.L.V.S.E.S.L.E.(M)(R) R . O . V V . C . A . P . C . C . W . C . NO-bUILULASLMtNI VEHICULARSIGHTEASEMENT SLOPEEASEMENT MEASURED RECORDED RIGHTOFWAY CENTRALARIZONAPROJECT CHAPARRALCITYWATERCOMPAN EASEMENTLINE EXHIBIT C [Shea Boulevard Improvements] 9196.010\Palatial Estates DA.v6.doc 8-1-03-2 13 L EXHIBIT C 1.Construct an eastbound left-turn curbed median deceleration laneand curbed taper length from Shea Blvd.onto Palatial Drive,with necessary landscape and irrigation modifications. 2.Construct a westbound right-turn curbed deceleration lane and curbed taper from Shea Blvd onto Palatial Drive,with pavement tapering beyond thecurbed deceleration lane taper length. 3.Construct a southbound-to-westbound curbed acceleration taper (tapering at 4:1) from Palatial DriveontoShea Blvd.with pavement tapering beyond the curbed acceleration taper.(Left turns from Palatial Drive onto Shea Blvd.willnotbe permitted.) 4.Forthe above westbound curbed lengths:construct asphalt pavement forthe 3rd westbound laneandbike lane,curband gutter,8'-wide meandering sidewalk, catch basins andstorm drain outlets,rock-fall ditch (where needed),guardrail modifications (where needed),landscaping,and irrigation.Provide landscape maintenance fortheentirefrontagelength. 5.Construct fire hydrants onSheaBlvd.atthe Palatial Drive entrance,andatthe easterly water main loop connection. 9196.010VPalatial Estates DA.v6.doc 8-1-03-2 EXHIBIT D [Entry Monument &Signage] 14 31 spi iSiibii"I*CO aisiiis^isl 5J5 9^5?¥|5ififf ^ilMjlImli Jf imiHi VNOZiar 'STllh NIViNTOs82JI5*glift Th m !is.