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File #: R2017-024    Version: 1 Name:
Type: resolution Status: Passed
File created: 8/22/2017 In control: City Council Meeting
On agenda: 9/6/2017 Final action: 9/6/2017
Title: Yuma Pivot Point Phase Three Component: Real Property Sale and Development Agreement, Partial Assignment of Master Developer's Interest, Covenants, and Fifth Amendment of Master DDA
Attachments: 1. 1. RFCCA Pivot Point Phase III, 2. 2. RES Pivot Point Phase III, 3. 3. AGR Pivot Point Phase III

Title

Yuma Pivot Point Phase Three Component: Real Property Sale and Development Agreement, Partial Assignment of Master Developer's Interest, Covenants, and Fifth Amendment of Master DDA

 

Summary Recommendation

Approve the terms of  the Yuma Pivot Point Phase Three Component Real Property Sale and Development Agreement, Partial Assigment of Master Developer's Interest, Covenants, and Fifth Amendment of Master DDA (Phase Three Agreement), and authorize the City Administrator to sign the necessary documents on behalf of the City for the development of a 112 room extended stay hotel.  (City Administration/Yuma Crossing National Heritage Area) (Charles Flynn)