B | Consideration and Adoption of Resolution No. 2020-50: A resolution authorizing the execution of a Development Agreement between Flagstaff at Fourth, LLC and the City of Flagstaff related to the development of approximately 13.65 acres of real property (APN 106-08-005J) located at 1002 N Fourth Street. (Flagstaff at Fourth Development Agreement) | ||||||||
Mr. St. Clair provided a PowerPoint presentation that covered the following: FLAGSTAFF @ FOURTH LOCATION & SURROUNDING USES DEVELOPMENT PROPOSAL DEVELOPMENT AGREEMENT PURPOSE OF THE AGREEMENT COUNCIL OPTIONS |
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Moved by Councilmember Jamie Whelan, seconded by Councilmember Regina Salas to read Resolution No. 2020-50 by title only with the amendment of 70% AMI. | |||||||||
Vote: 6 - 1 | |||||||||
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FLAGSTAFF, ARIZONA, AUTHORIZING THE EXECUTION OF A DEVELOPMENT AGREEMENT BETWEEN FLAGSTAFF AT 4TH, LLC AND THE CITY OF FLAGSTAFF RELATED TO THE DEVELOPMENT OF APPROXIMATELY 13.65 ACRES OF REAL PROPERTY GENERALLY LOCATED AT 1002 NORTH FOURTH STREET AND ESTABLISHING AN EFFECTIVE DATE | |||||||||
Moved by Councilmember Regina Salas, seconded by Councilmember Jamie Whelan to adopt Resolution No. 2020-50. | |||||||||
Vote: 6 - 1 | |||||||||
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A break was held from 4:45 p.m. through 4:55 p.m. | |||||||||