Attachment D - PC Summary - Z-60-19-4.pdf

City of Phoenix — Formal (2020-06-08)

View PDF Meeting page

Extracted text (via pymupdf) 8478 characters

5(32572)3/$11,1*&200,66,21$&7,21
0D\

,7(012

',675,&712
68%-(&7

$SSOLFDWLRQ
=
/RFDWLRQ
1RUWKZHVWFRUQHURIWK$YHQXHDQG,QGLDQ6FKRRO5RDG
)URP
&2DQG&
7R
&
$FUHDJH

3URSRVDO
*DVVWDWLRQDQGFRQYHQLHQFHVWRUH
$SSOLFDQW
&LUFOH.6WRUHV,QF
2ZQHU
&LUFOH.6WRUH,QF'UDPD//&
5HSUHVHQWDWLYH /DQG'HYHORSPHQW&RQVXOWDQWV//&

$&7,216

6WDII5HFRPPHQGDWLRQ$SSURYDOVXEMHFWWRVWLSXODWLRQV

9LOODJH3ODQQLQJ&RPPLWWHH93&5HFRPPHQGDWLRQ
(QFDQWR&DQFHOHG
(QFDQWR$SSURYDOSHUWKHVWDIIUHFRPPHQGDWLRQZLWKDQDGGLWLRQDOVWLSXODWLRQ
9RWH

3ODQQLQJ&RPPLVVLRQ5HFRPPHQGDWLRQ$SSURYDOSHUWKH(QFDQWR9LOODJH3ODQQLQJ
&RPPLWWHHZLWKDQDGGLWLRQDOVWLSXODWLRQ

0RWLRQ'LVFXVVLRQ1$

0RWLRQGHWDLOV&RPPLVVLRQHU6KDQNPDGHD027,21WRDSSURYH=SHUWKH
(QFDQWR9LOODJH3ODQQLQJ&RPPLWWHHZLWKWKHDGGLWLRQDOVWLSXODWLRQDVUHDGLQWRWKH
UHFRUG


0DNHU6KDQN

6HFRQG*D\QRU


9RWH


$EVHQW0RQWDOYR


2SSRVLWLRQ3UHVHQW<HV

)LQGLQJV


7KHGHYHORSPHQWLVFRQVLVWHQWZLWKWKH3KRHQL[*HQHUDO3ODQ/DQG8VH0DS
GHVLJQDWLRQRI&RPPHUFLDODQGDVVWLSXODWHGLVDSSURSULDWHDWWKLVORFDWLRQ
GXHWRLWVFRPSDWLELOLW\ZLWKWKHVXUURXQGLQJODQGXVHVDQGSUHVHQFHRQDPDMRU
DUWHULDOVWUHHW


Attachment D


7KHGHYHORSPHQWDVVWLSXODWHGDGYDQFHVWKHSXUSRVHDQGLQWHQWRIVHYHUDO
FRUHYDOXHVIURPWKH3KRHQL[*HQHUDO3ODQDVZHOODVSROLF\GRFXPHQWVVXFK
DVWKH7UHHDQG6KDGH0DVWHU3ODQWKH&RPSOHWH6WUHHWV3ROLF\DQGWKH
&RPSUHKHQVLYH%LF\FOH0DVWHU3ODQ



7KHGHYHORSPHQWDVVWLSXODWHGZLOOSURGXFHWKUHHDWWUDFWLYHDQGZHOOVKDGHG
VWUHHWIURQWDJHVUHLQIRUFHWKHWK$YHQXHELNHZD\ZLWKDELF\FOHUHSDLU
VWDWLRQDQGVKDGHDKHDYLO\XVHGEXVVWRS

6WLSXODWLRQV


7KHGHYHORSPHQWVKDOOEHLQJHQHUDOFRQIRUPDQFHZLWKWKHHOHYDWLRQVGDWH
VWDPSHG1RYHPEHUDVPRGLILHGE\WKHIROORZLQJVWLSXODWLRQVDQG
DSSURYHGE\WKH3ODQQLQJDQG'HYHORSPHQW'HSDUWPHQW



7KHGHYHORSHUVKDOOGHGLFDWHDIRRW9HKLFXODU1RQ$FFHVV(DVHPHQW91$(
DORQJWKHQRUWKSURSHUW\OLQHWK'ULYHDQGWKHZHVWSURSHUW\OLQHZKHUH
DGMDFHQWWR50XOWLIDPLO\5HVLGHQFH'LVWULFW]RQLQJ



$OOVLGHZDONVVKDOOEHGHWDFKHGZLWKDPLQLPXPIRRWZLGHODQGVFDSHDUHD
ORFDWHGEHWZHHQWKHVLGHZDONDQGEDFNRIFXUEDQGSODQWHGWRWKHIROORZLQJ
VWDQGDUGVDVDSSURYHGE\WKH3ODQQLQJDQG'HYHORSPHQW'HSDUWPHQW:KHUH
XWLOLW\FRQIOLFWVH[LVWWKHGHYHORSHUVKDOOZRUNZLWKWKH3ODQQLQJDQG
'HYHORSPHQW'HSDUWPHQWRQDOWHUQDWLYHGHVLJQVROXWLRQVFRQVLVWHQWZLWKD
SHGHVWULDQHQYLURQPHQW



D
0LQLPXPLQFKFDOLSHUODUJHFDQRS\VLQJOHWUXQNVKDGHWUHHVSODFHGD
PLQLPXPRIIHHWRQFHQWHURUHTXLYDOHQWJURXSLQJVWRSURYLGHD
PLQLPXPRISHUFHQWVKDGHRQDGMDFHQWVLGHZDONV




E
'URXJKWWROHUDQWVKUXEVDQGYHJHWDWLYHJURXQGFRYHUVZLWKDPD[LPXP
PDWXUHKHLJKWRILQFKHVWRSURYLGHDPLQLPXPRISHUFHQWOLYH
FRYHUDJHDWPDWXULW\



7KHUHTXLUHGODQGVFDSHVHWEDFNDUHDVDORQJDOOSXEOLFVWUHHWVVKDOOEHSODQWHG
ZLWKODUJHFDQRS\VKDGHWUHHVVHOHFWHGIURPWKHOLVWFRQWDLQHGLQ7DEOH
RIWKH3KRHQL[=RQLQJ2UGLQDQFHH[FOXGLQJWKRVHLGHQWLILHGDV³XQGHUVWRU\
WUHHV´SODFHGIHHWRQFHQWHURULQHTXLYDOHQWJURXSLQJVZLWKSHUFHQWRIWKH
WUHHVDPLQLPXPLQFKFDOLSHUDQGSHUFHQWDPLQLPXPRILQFKFDOLSHUDV
DSSURYHGE\WKH3ODQQLQJDQG'HYHORSPHQW'HSDUWPHQW



7KHGHYHORSHUVKDOOORFDWHWUHHVLQFORVHSUR[LPLW\WRWKHEXVVWRSDORQJ,QGLDQ
6FKRRO5RDGWRVKDGHWKHEXVVWRSDUHDWRDPLQLPXPSHUFHQWDVDSSURYHG
E\WKH3ODQQLQJDQG'HYHORSPHQW'HSDUWPHQW



7KHGHYHORSHUVKDOOLQFRUSRUDWHELF\FOHLQIUDVWUXFWXUHDVGHVFULEHGEHORZDQGDV
DSSURYHGE\WKH3ODQQLQJDQG'HYHORSPHQW'HSDUWPHQW



D
$ELF\FOHUHSDLUVWDWLRQ³IL[LWVWDWLRQ´VKDOOEHSURYLGHGLQDQDUHDRI
KLJKYLVLELOLW\VHSDUDWHGIURPYHKLFXODUPDQHXYHULQJDUHDVDQGORFDWHG
ZLWKLQFORVHSUR[LPLW\WRWK$YHQXHDQGWKHEXVVWRSRQ,QGLDQ6FKRRO

5RDG7KHUHSDLUVWDWLRQVKDOOLQFOXGHVWDQGDUGUHSDLUWRROVDIIL[HGWRWKH
VWDWLRQDWLUHJDXJHDQGSXPSDIIL[HGWRWKHEDVHRIWKHVWDWLRQRUWKH
JURXQGDQGDELF\FOHUHSDLUVWDQGZKLFKDOORZVSHGDOVDQGZKHHOVWR
VSLQIUHHO\ZKLOHPDNLQJDGMXVWPHQWVWRWKHELNH




E
$PLQLPXPRILQYHUWHG8ELF\FOHUDFNVDUWLVWLFVW\OHUDFNLQDGKHUHQFH
WRWKH&LW\RI3KRHQL[3UHIHUUHG'HVLJQVLQ$SSHQGL[.RIWKH
&RPSUHKHQVLYH%LF\FOH0DVWHU3ODQRU³2XWGRRU&RYHUHG)DFLOLWLHV´IRU
JXHVWVDQGHPSOR\HHV7KHVHIDFLOLWLHVVKDOOEHORFDWHGQHDUEXLOGLQJ
HQWUDQFHVLQVWDOOHGSHUWKHUHTXLUHPHQWVRI6HFWLRQ+RIWKH
=RQLQJ2UGLQDQFHDQGDSSURYHGE\WKH3ODQQLQJDQG'HYHORSPHQW
'HSDUWPHQW



7KHGHYHORSHUVKDOOSURYLGHDV\VWHPRIFOHDUO\GHILQHGDFFHVVLEOHSDWKZD\V
FRQVWUXFWHGRIGHFRUDWLYHSDYHUVVWDPSHGRUFRORUHGFRQFUHWHRURWKHU
SDYHPHQWWUHDWPHQWVWKDWYLVXDOO\FRQWUDVWZLWKWKHDGMDFHQWSDUNLQJDQGGULYH
DLVOHVVXUIDFHVZKLFKSURYLGHGLUHFWFRQQHFWLRQVEHWZHHQWKHIROORZLQJVLWH
HOHPHQWVDOOEXLOGLQJHQWUDQFHVDQGH[LWVEXVVWRSVDQGWKHELF\FOHUHSDLU
VWDWLRQ7KHDERYHFRQGLWLRQVVKDOOEHDSSURYHGE\WKH3ODQQLQJDQG
'HYHORSPHQW'HSDUWPHQW



7KHGHYHORSHUVKDOOSURYLGHDQHQKDQFHGDQGVKDGHGSHGHVWULDQSDWKZD\IURP
WKHHQWUDQFHRIWKHEXLOGLQJWRWKHEXVVWRSRQ,QGLDQ6FKRRO5RDGDVDSSURYHG
E\WKH3ODQQLQJDQG'HYHORSPHQW'HSDUWPHQW



7KHGHYHORSHUVKDOOUHWDLQULJKWRIZD\DQGUHFRQVWUXFWRQHEXVVWRSSDGDORQJ
ZHVWERXQG,QGLDQ6FKRRO5RDGZHVWRIWK$YHQXHFRPSOLDQWZLWK&LW\RI
3KRHQL[6WDQGDUG'HWDLO3DWWDFKHGVLGHZDONRU3GHWDFKHG
VLGHZDONDWDPLQLPXPGHSWKRIIHHW7KHEXVVWRSSDGVKDOOEHVSDFHGIURP
WKHLQWHUVHFWLRQRI,QGLDQ6FKRRO5RDGDQGWK$YHQXHDVSHU&LW\RI3KRHQL[
6WDQGDUG'HWDLO37KHDERYHFRQGLWLRQVVKDOOEHDSSURYHGE\WKH3ODQQLQJ
DQG'HYHORSPHQW'HSDUWPHQW



7KHGHYHORSHUVKDOOFRQVWUXFWDOOVWUHHWVZLWKLQDQGDGMDFHQWWRWKHGHYHORSPHQW
ZLWKSDYLQJFXUEJXWWHUVLGHZDONFXUEUDPSVVWUHHWOLJKWVPHGLDQLVODQGV
ODQGVFDSLQJDQGRWKHULQFLGHQWDOVDVSHUSODQVDSSURYHGE\WKH3ODQQLQJDQG
'HYHORSPHQW'HSDUWPHQW$OOLPSURYHPHQWVVKDOOFRPSO\ZLWKDOO$'$
DFFHVVLELOLW\VWDQGDUGV



7KHGHYHORSHUVKDOOFRQVWUXFWWKHGULYHZD\WR,QGLDQ6FKRRO5RDGZLWKD
UHVWULFWLRQRIDFFHVVWRULJKWLQDQGULJKWRXWWXUQLQJPRYHPHQWVDVDSSURYHGE\
WKH6WUHHW7UDQVSRUWDWLRQ'HSDUWPHQW



7KHGHYHORSHUVKDOOUHFRUGD1RWLFHWR3URVSHFWLYH3XUFKDVHUVRI3UR[LPLW\WR
$LUSRUWLQRUGHUWRGLVFORVHWKHH[LVWHQFHDQGRSHUDWLRQDOFKDUDFWHULVWLFVRI
3KRHQL[6N\+DUERU,QWHUQDWLRQDO$LUSRUW3+;WRIXWXUHRZQHUVRUWHQDQWVRI
WKHSURSHUW\



7KHGHYHORSHUVKDOOSURYLGHVSDFHDQGDFFHVVRQWKHVLWHIRUUHF\FOLQJ
FRQWDLQHUVDVDSSURYHGE\WKH3ODQQLQJDQG'HYHORSPHQW'HSDUWPHQW




,IGHWHUPLQHGQHFHVVDU\E\WKH3KRHQL[$UFKDHRORJ\2IILFHWKHDSSOLFDQWVKDOO
FRQGXFW3KDVH,GDWDWHVWLQJDQGVXEPLWDQDUFKDHRORJLFDOVXUYH\UHSRUWRIWKH
GHYHORSPHQWDUHDIRUUHYLHZDQGDSSURYDOE\WKH&LW\$UFKDHRORJLVWSULRUWR
FOHDULQJDQGJUXEELQJODQGVFDSHVDOYDJHDQGRUJUDGLQJDSSURYDO



,I3KDVH,GDWDWHVWLQJLVUHTXLUHGDQGLIXSRQUHYLHZRIWKHUHVXOWVIURPWKH
3KDVH,GDWDWHVWLQJWKH&LW\$UFKDHRORJLVWLQFRQVXOWDWLRQZLWKDTXDOLILHG
DUFKDHRORJLVWGHWHUPLQHVVXFKGDWDUHFRYHU\H[FDYDWLRQVDUHQHFHVVDU\WKH
DSSOLFDQWVKDOOFRQGXFW3KDVH,,DUFKDHRORJLFDOGDWDUHFRYHU\H[FDYDWLRQV



,QWKHHYHQWDUFKDHRORJLFDOPDWHULDOVDUHHQFRXQWHUHGGXULQJFRQVWUXFWLRQWKH
GHYHORSHUVKDOOLPPHGLDWHO\FHDVHDOOJURXQGGLVWXUELQJDFWLYLWLHVZLWKLQD
IRRWUDGLXVRIWKHGLVFRYHU\QRWLI\WKH&LW\$UFKDHRORJLVWDQGDOORZWLPHIRUWKH
$UFKDHRORJ\2IILFHWRSURSHUO\DVVHVVWKHPDWHULDOV



7+($33/,&$176+$//0$,17$,1/$1'6&$3,1*,1$&&25'$1&(:,7+
7+(/$1'6&$3(3/$1$1'67,38/$7(',03529(0(176



35,257235(/,0,1$5<6,7(3/$1$33529$/7+(/$1'2:1(56+$//
(;(&87($352326,7,21:$,9(52)&/$,06)2507+(:$,9(5
6+$//%(5(&25'(':,7+7+(0$5,&23$&2817<5(&25'(5
6
2)),&($1''(/,9(5('727+(&,7<72%(,1&/8'(',17+(
5(=21,1*$33/,&$7,21),/()255(&25'

7KLVSXEOLFDWLRQFDQEHPDGHDYDLODEOHLQDOWHUQDWHIRUPDWXSRQUHTXHVW3OHDVHFRQWDFW
7DPUD,QJHUVROODW77<XVH