Item 52 - Revised Memo.pdf

To:

From:

Subject:

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City of Phoenix

Ginger Spencer Date: May 23, 2022
Deputy City Manager

Christine Mackay
Community and Economic Development Director

REQEST TO AMEND ITEM 52 ON THE MAY 25, 2022, FORMAL AGENDA —
AUTHORIZATION TO ENTER INTO DEVELOPMENT AGREEMENT AND
OTHER AGREEMENTS WITH CONCORD WILSHIRE CAPITAL, LLC FOR THE
REDEVELOPMENT OF METROCENTER MALL AND THE ACQUISITION AND
CONSTRUCTION OF PUBLIC PARKING GARAGES (ORDINANCE S-48677)

The purpose of this memo is to add an additiona! term into file Item 52 and Ordinance
S-48677, by adding the following sentence at the end of the Summary of terms section
of this file.

City agrees that the PUD Zoning, including any amendments adopted
subsequent to the date of the PUD, but prior to the City Council authorization of
the Development Agreement are considered vested.

Approved: Mw Z — ma

Ginger Spen¢fy. Dently City Manager