File #: 16-1260   
Type: Resolution Status: Agenda Ready
In control: City Council
On agenda: 1/9/2017
Title: Approving and authorizing the City Manager to enter into a Development Agreement with Pecos Merrill 20 LLC, for the property located at the southwest corner of Pecos and Merrill Roads. This parcel is being acquired for a future groundwater facility, due to the projected growth in the southeast quadrant of the City. Included in the Development Agreement are terms that will allow for the continued farming on the parcel until future development of the property occurs and the responsibilities for developing Merrill Road. (District 6)
Strategic initiatives: Economic Development, Financial Stability, Quality of Life
Attachments: 1. Council Report, 2. Map, 3. Vicinity Map, 4. Resolution, 5. Development Agreement
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Title

Approving and authorizing the City Manager to enter into a Development Agreement with Pecos Merrill 20 LLC, for the property located at the southwest corner of Pecos and Merrill Roads.  This parcel is being acquired for a future groundwater facility, due to the projected growth in the southeast quadrant of the City.  Included in the Development Agreement are terms that will allow for the continued farming on the parcel until future development of the property occurs and the responsibilities for developing Merrill Road. (District 6)