Council to take action on Resolution No. 97-26 approving the Public Infrastructure Reimbursement Agreement between the City of Buckeye, an Arizona Municipal Corporation, and Festival Marketplace, LLC,

5.D
CITY OF BUCKEYE
Regular Council Meeting
COUNCIL ACTION REPORT
AGENDA ITEM: 5.D. DS - Resolution
No. 97-26 Public Infrastructure
MEETING DATE: 11/03/26
Reimbursement Agreement with Festival
Marketplace, LLC
DATE PREPARED: 10/29/26 DISTRICT NO.: 4
STAFF LIAISON: Ron Moll, City Engineer, rmoll@buckeyeaz.gov, (480) 997-1702
AGENDA ITEM TYPE: Public Hearing
DEPARTMENT: Development Services
and Non Consent - New Business Items
ACTION/MOTION: (This language identifies the formal motion to be made by the Council)
Council to take action on Resolution No. 97-26 approving the Public Infrastructure Reimbursement
Agreement between the City of Buckeye, an Arizona Municipal Corporation, and Festival Marketplace,
LLC, an Arizona Limited Liability Company; and authorizing the City Manager to execute and deliver said
Agreement on behalf of the City.
GOALS AND OBJECTIVES FOR THE STRATEGIC PLAN FOCUS AREAS:
Infrastructure
SUMMARY
PROJECT DESCRIPTION:
As part of its development, generally located at the northeast corner of Canyon Springs Blvd. and Sun
Valley Parkway, Festival Marketplace, LLC agrees to design, engineer, acquire easements, permit,
construct and install and convey to the City, all regional public infrastructure improvements that are the
subject of this Public Infrastructure Reimbursement Agreement, which shall include, but are not limited
to, removal of the existing raised median at the northern project access to provide a full-access
intersection with unrestricted turning movements; modification or relocation of street lighting as
necessary to accommodate the revised intersection; reconfiguration of the new raised median at the
existing central access to restrict the driveway to right-in/right-out movements only (no left-out), including
any required street lighting modifications or relocations; construction of raised median improvements
within Canyon Springs Boulevard, including landscaping, irrigation, and street lighting; extension of the
south bound left-turn lane on Canyon Springs Boulevard at Sun Valley Parkway, extension of the east
bound left-turn lane on Sun Valley Parkway at Canyon Springs Boulevard and extension of the west
bound right-turn lane on Sun Valley Parkway at Canyon Springs Boulevard. Owner shall also construct a
public sidewalk along the project frontage and modify the southern project entrance on Sun Valley
Parkway to operate as a right-in/right-out (R-In/R-Out) access only; however, the sidewalk improvements
and the southern driveway access modifications are project-specific improvements. The infrastructure
reimbursement amount applies to the regional public infrastructure improvements only and shall not
exceed $2,316,070.81.
BENEFITS:
While the infrastructure to be constructed and installed by owner is necessary to serve development
within the development, 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 of this agreement shall not exceed $2,316,070.81 and will be budgeted in the
General Fund for Fiscal Year 2028.

CURRENT FISCAL YEAR TOTAL COST:
Reimbursement amount is not to exceed $2,316,070.81 to be paid out at such time that the terms of the
agreement have been met. The anticipated time of payout will be Fiscal Year 2028.
BUDGETED:
No
FISCAL YEAR:
2028
FUND/DEPARTMENT:
10001108-549999
Items related to a project or facility location must include an attached vicinity map for Council
Review.
ATTACHMENTS:
Festival Ranch PIRA 10.26.26.pdf
Resolution No. 97-26 Festival Ranch Safeway PIRA.pdf