HomeMy WebLinkAboutRes 2003-08C
RESOLUTION NO.2003-08
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF
FOUNTAIN HILLS,ARIZONA,AUTHORIZING THE EXECUTION OF A
DEVELOPMENT AGREEMENT RELATING TO PROPERTY LOCATED
NORTHEAST OF THE INTERSECTION OF PALISADES BOULEVARD
AND SHEA BOULEVARD ENCOMPASSING APPROXIMATELY 60
ACRES.
WHEREAS,the Mayor and Council of the Town of Fountain Hills (the "Town
Council")desires to enter into a development agreement (the "Agreement")between the Town
of Fountain Hills (the "Town")and Fountain Vista Properties,L.L.C.,pursuant to Ariz.Rev.
Stat.§9-500.05;and
WHEREAS,the proposed Agreement pertains to property located northeast ofthe
intersection of Palisades Boulevard and Shea Boulevard (the "Property");and
WHEREAS,the Agreement (i)shall become operative onlyuponapprovalofaGeneral
Plan amendment ensuring that itis consistent with the Town's adopted General Plan and (ii)is
complete within the context of Ariz.Rev.Stat.§9-500.05 (F).
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 Aand incorporated herein by reference.
SECTION 2:That the Mayor,the Town Manager,the Town Clerk andthe Town
Attorney are hereby authorized and directed totakeall steps necessary to cause the execution of
the Agreement.
PASSED AND ADOPTED BY the Mayor and Council ofthe Town of Fountain Hills,
Arizona,March 6,2003.
FOR THE TOWN OF FOUNTAIN HILLS:
TimG.Pickering,Town Manager
9196.001\FV Dev.Agt.-ies.doc
2-28.03-1
ATTESTED TO:
Bev Bender,Town Clerk
APPROVED AS TO FORM:
Andrew J.McGuire,Town Attorney