Vote: approved

Item Text

50. CONSENT TO ASSIGNMENT ASSOCIATED WITH HASSAYAMPA RANCH DEVELOPMENT AGREEMENT Approve the Consent to Assignment with Hassayampa Ranch Ventures A, B, C, & D, LLC, each a Delaware limited liability company (Assignors), and Maricopa County through the Planning and Development Department, for the purpose of consenting to transferring rights and responsibilities associated with the Hassayampa Ranch Development Agreement Number C44 08 015 0 00 to Hassayampa Ranch (Phoenix) ASLI V, L.L.L.P., a Delaware limited liability limited partnership (“Assignee”). The Consent to Assignment is non-financial and is effective from January 14, 2009 and with the same termination terms as the Development Agreement. On June 18, 2008 (C44 08 015 0 00), the Board of Supervisors approved the Hassayampa Development Agreement with the Hassayampa Ranch Ventures A, B, C, & D, LLC for the Hassayampa Ranch Development Master Plan (Assignors). The Assignors are conveying the subject property to the Assignee and is requesting that they be released from all rights and responsibilities associated with the Development Agreement, and that such rights and responsibilities be assigned to the Assignee, including those contained in Development Agreement. C 44-08-015-0-00. (C-44-08-015-0-01)