To: Honorable Mayor and Members of Town Council
Through: David L. Corliss, Town Manager
From: Tara Vargish, PE, Director, Development Services
Sandy Vossler, Senior Planner, Development Services Department
Title
Resolution Approving the StorQuest - Liggett Road Development Agreement [5.3 acres, located south of the State Highway 85 and Liggett Road intersection]
Body
________________________________________________________________________________
Executive Summary
KGCB Industries, owner, and The William Warren Group, buyer, have submitted a petition for annexation to the Town, along with an application to be zoned General Industrial (I-2). Pursuant to Municipal Code Section 17.32.110, at the time of annexation, the applicant shall enter into a development agreement (DA) with the Town to address the required infrastructure improvements, development phasing, open space conveyances, water rights conveyances, Town service obligations and other relevant items.
The key components of the StorQuest - Liggett Road (StorQuest) DA include water dedication, public improvements, and cash-in-lieu obligations.
If the StorQuest annexation and zoning request is approved by Town Council, staff recommends approval of the StorQuest Annexation and Development Agreement, as presented (Attachment B).
Budget Impact
The owner obligations established in the StorQuest DA represent the reasonable dedications, public improvements and conditions necessary to address the impacts generated by the proposed development. Additionally, development of the property within the Town will generate development review fees, use tax and impact fees.
Staff Recommendation
Staff recommends approval of the StorQuest - Liggett Road Annexation and Development Agreement, as proposed.
Proposed Motion
“I move to approve the Resolution as introduced by title.”
Attachments
Attachment A: Vicinity Map
Attachment B: Resolution
Exhibit 1: Development Agreement