Council to take action on Resolution No. 96-25 approving the Regional Signal Reimbursement Agreement between the City of Buckeye, an Arizona municipal corporation and Buckeye Phase I Owner, LLC, a Del
Extracted text (via pymupdf)
2757 characters
4.A CITY OF BUCKEYE Regular Council Meeting COUNCIL ACTION REPORT MEETING DATE: 12/02/25 AGENDA ITEM: 4.A. DS - Regional Signal Reimbursement Agreement (Perryville Road and McDowell Road) DATE PREPARED: 12/01/25 DISTRICT NO.: 6 STAFF LIAISON: Ron Moll, City Engineer, rmoll@buckeyeaz.gov, (480) 997-1702 DEPARTMENT: Development Services AGENDA ITEM TYPE: Consent Agenda Items / New Business ACTION/MOTION: (This language identifies the formal motion to be made by the Council) Council to take action on Resolution No. 96-25 approving the Regional Signal Reimbursement Agreement between the City of Buckeye, an Arizona municipal corporation and Buckeye Phase I Owner, LLC, a Delaware limited liability company, and further authorizing the transfer of funds from the Contingencies account to the Completed Capital account to fund the reimbursement for approved regional signal construction costs. SUMMARY PROJECT DESCRIPTION: As part of the development located in the northwestern quadrant of Perryville and McDowell Roads, Buckeye Phase I Owner, LLC constructed certain intersection improvements, which included new traffic signals, including, but not limited to, traffic pole foundations, traffic poles, mast arms, meter pedestals, controller cabinets, underground electrical conduits, fiberoptic cabling, boring, and sidewalk removal and replacement. As the infrastructure is located at the boundary of the City of Buckeye and City of Goodyear, it was permitted, inspected and accepted by the City of Buckeye and the City of Goodyear. The City of Buckeye reviewed and verified the actual costs of construction eligible for reimbursement, which totaled $890,021.22. The Regional Signal Reimbursement Agreement requires the City to reimburse the approved costs no later than thirty (30) days from the date of Council approval. Signal fees have been collected from properties in the region, but the requested budget transfer is needed as this is an unbudgeted item for FY26. BENEFITS: While the installed infrastructure is necessary to serve the developed property, it also includes certain improvements that are of regional benefit to the City and its residents. FINANCIAL IMPACT STATEMENT: The total cost to the City per this Agreement is set at $890,021.22 and will be reimbursed to the Buckeye Phase I Owner, LLC no later than thirty days following approval by Council. CURRENT FISCAL YEAR TOTAL COST: $890,021.22 BUDGETED: No FISCAL YEAR: 2025/2026 FUND/DEPARTMENT: GL 50043170-549999/50043170-570020 Items related to a project or facility location must include an attached vicinity map for Council Review. ATTACHMENTS: City of Buckeye - Regional Signal Fee Reimbursement Agreement 4914-8443-9159.1.pdf Res._No._96-25_Paloma_Vista_Reg._Signal_Fee.pdf