File #: 17-044DA    Name: Trinity Falls 3rd Amendment to the 2012 Dev. Agmt.
Type: Agenda Item Status: Tabled
In control: City Council Regular Meeting
On agenda: 6/20/2017 Final action: 6/20/2017
Title: Consider/Discuss/Act on a Third Amendment to 2012 Trinity Falls Development Agreement with Trinity Falls Holdings, LP
Attachments: 1. Location Map and Aerial Exhibit, 2. Proposed 3rd Amend to Dev. Agmt., 3. Proposed Exhibit A, 4. Proposed Exhibit B-2A, 5. Proposed Exhibit B-2B, 6. Proposed Exhibit B-2C, 7. Proposed Exhibit B-4A, 8. Proposed Exhibit B-4B, 9. Proposed Exhibit B-4C, 10. Proposed Exhibit C-1, 11. Proposed Exhibit C-1A, 12. Proposed Exhibit C-2, 13. Proposed Exhibit C-2A, 14. Proposed Exhibit C-3, 15. Proposed Exhibit C-3A, 16. Proposed Exhibit C-4, 17. Proposed Exhibit C-4A, 18. Proposed Exhibit C-5, 19. Proposed Exhibit C-6, 20. Proposed Exhibit C-6A, 21. Proposed Exhibit C-7A, 22. Proposed Exhibit C-7B, 23. Proposed Exhibit C-7C, 24. Proposed Exhibit C-7D, 25. 2nd Amendment to 2012 Dev. Agmt., 26. 1st Amendment to 2012 Dev. Agmt., 27. 2012 Trinity Falls Dev. Agmt., 28. Station #9 Informational Layout Only, 29. Letter from Pulte Homes / Del Webb, 30. 1295 Certificate
Title
Consider/Discuss/Act on a Third Amendment to 2012 Trinity Falls Development Agreement with Trinity Falls Holdings, LP

Summary

COUNCIL GOAL: Direction for Strategic and Economic Growth

MEETING DATE: June 20, 2017

DEPARTMENT: Development Services

CONTACT: Michael Quint, Executive Director of Development Services
Barry Shelton, AICP, Assistant City Manager
Mark Houser, City Attorney
Danny Kistner, Fire Chief
Brian Lockley, Director of Planning
Gary Graham, PE, PTOE, Interim Director of Engineering
Brandon Opiela, Development Manager

RECOMMENDED CITY COUNCIL ACTION:
* Staff recommends approval of the proposed agreement amendments.

ITEM SUMMARY:
* After the November 2, 2016 approval of the Second Amendment to the Trinity Falls Development Agreement, the owner/developer of the Trinity Falls MUD (Trinity Falls Holdings, LP) approached Staff later that month to discuss additional amendments to the master development agreement pertaining to its proposed purchase of an additional 271 acres of land (the "Frazier Tract") to be annexed into the Trinity Falls MUD 2. The desired amendments would also be aimed at increasing the number of lots available for development, adding new residential product types, not currently allowed in Trinity Falls, and clarifying other existing provisions.

* As such, the owner has worked with Staff on a third amendment to the 2012 Trinity Falls Development Agreement, allowing for the development of 1024 additional single family residential lots, and adding certain commercial, and school/park sites on the "Frazier Tract" within the MUDs while also clarifying the parties' obligations, particularly in the fire services provisions in the Agreement. The proposed amendment also modifies and refines several other provisions of the previous agreement pertaining to the entirety of the MUD land area (both existing and potential future land) which specific provisions are described further below. The Third Amendment would not go int...

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